India's FDI investment reduce in Q2 of FY14

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India's FDI investment reduce in Q2 of FY14

Post by maheshgupta » Tue Dec 03, 2013 3:48 am

Foreign Direct Investment into the country declined by about 38 per cent, year-on-year, to $2.91 billion in September, according to the Department of Industrial Policy and Promotion.
In September 2012, the country had attracted foreign investment worth $4.67 billion. During the April-September period of 2013-14 fiscal, FDI has thus dipped by 11 per cent to $ 11.37 billion, from $ 12.84 billion in the first half of 2012-13, DIPP said. Decline in FDI in sectors like telecoms, services and metallurgical industries have lowered the inflows.

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