FDI falls to $ 1.27 bn in August, lowest in 8 months

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FDI falls to $ 1.27 bn in August, lowest in 8 months
Foreign direct investment into India declined by about 10 per cent in August this year to USD 1.27 billion, the lowest figure in the last eight months, said the media report.

In August 2013, the country had received FDI worth USD 1.40 billion. Last time in December 2013, FDI into India was USD 1.10 billion, added the media report.

However, for the April-August period of this fiscal, 2014-15, the foreign inflows showed a growth of 42 per cent to USD 12.01 billion as compared to USD 8.46 billion in the first five months of 2013-14, according to the data of the Department of Industrial Policy and Promotion.

Amongst the top 10 sectors, telecom received the maximum FDI of USD 2.33 billion in the 5 months, followed by services (USD 1.08 billion), pharmaceuticals (USD 903 million) and construction (USD 446 million).

During the period, India received maximum FDI from Mauritius at USD 3.93 billion, followed by Singapore (USD 1.89 billion), Netherlands (USD 1.56 billion), Japan (USD 897 million), UK (USD 827 million) and the US (USD 394 million).

Read more about: fdi
Story first published: Monday, October 20, 2014, 9:20 [IST]
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