FDI inflows to India up 35% to $ 13.6 bn in H1 2013: UNCTAD report

Foreign direct investment in India has increased by about 35 per cent to USD 13.6 billion during the first half of 2013 with merger and acquisitions accounting for the bulk of inflows, says an UNCTAD report.

During January-June 2012, the country had received USD 10.1 billion of foreign direct investment (FDI).

The report, released yesterday, said that foreign fund inflows into India has pushed the total figures for the South Asian Association for Regional Cooperation (SAARC).

"An increase in flows to the SAARC is accounted for mainly by the rise in flows to India," it said while releasing the FDI estimates.

FDI through mergers and acquisitions has registered a growth of 65.7 per cent during the first half of 2013 to USD 1.8 billion as against USD 1.1 billion in January-June 2012.

In new projects, however, FDI has declined by 48.7 per cent to USD 8.8 billion during the period.

The report said that the global foreign direct investment inflows were an estimated USD 745 billion in the first half of 2013 compared with the same period in 2012, "a rise of 4 per cent , with a diverging trend between developing and transition economies, and developed countries".

Read more about: fdi
Story first published: Friday, November 1, 2013, 9:20 [IST]
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