FDI jumps 34 pc to $ 1.92b in June

Tags: News
Foreign direct investment (FDI) flows to India surged by about 34 per cent to $ 1.92 billion in June, according to the official data.

In June 2013, the country had received FDI worth $ 1.44 billion.

During April-June in this fiscal, the foreign inflows recorded a growth of 34 per cent. FDI was at $ 7.23 billion in April-June, 2014-15 compared to $ 5.39 billion in April-June 2013-14, the data by Department of Industrial Policy and Promotion showed.

In May, the FDI figure ($ 3.60 billion) was the highest since September 2013 when the country received foreign investment of $ 4.13 billion.

Amongst the top 10 sectors, telecommunications received the maximum FDI in the first quarter of the current fiscal at $ 2 billion followed by services ($ 738 million), pharmaceuticals ($ 680 million) and construction ($ 281 million).

During the period, India received maximum FDI from Mauritius at $ 2.61 billion, followed by Singapore ($ 1.18 billion), the UK ($ 567 million), Japan ($ 695 million) and the US ($ 249 million).

In 2013-14, FDI inflows in India were $ 24.29 billion against $ 22.42 billion in 2012-13.

India requires around $ 1 trillion in the next five years to overhaul its infrastructure sector, including ports, airports and highways to boost growth.

The government is taking more steps to boost FDI in the country. It has raised the foreign investment limit to 49 per cent in defence manufacturing and relaxed the policy in construction sector. The government has also proposed to increase the FDI cap in insurance to 49 per cent.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Bureaucrats have enjoyed flying miles at taxpayer expense for too long

    The beleaguered Indian taxpayer will certainly applaud prime minister Narendra Modi’s attempt to deliver on his promise of cutting down fiscal defic

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: CHAIN REACTION

A domino effect is the cumulative effect produced when one ...

Zehra Naqvi

Rememberance and forgetting are crucial

Memories are so vital to our lives that they can ...

Dharmendra Khandal

Sandalwood may get extinct if not protected

When we talk of sandalwood, the most common usage that ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture