FDI hits 4-month Low In March

Overseas investments in India remained tepid in March as it slipped to the lowest in the last four months of 2014-15 fiscal, said an official report.

FDI hits 4-month Low In March
Foreign direct investment (FDI) in India dipped by 40 per cent year-on-year to USD 2.11 billion in March 2015, according to the data of Department of Industrial Policy and Promotion (DIPP).

FDI in India was at USD 3.53 billion in March 2014, the report added.

However, during the 2014-15 financial year, foreign fund inflows grew 27 per cent, year-on-year, to USD 30.93 billion as against USD 24.29 billion in 2013-14.

According to the report, the maximum FDI was received in the services sector of USD 3.25 billion in 2014-15, followed by telecommunication at USD 2.89 billion, and automobiles at USD2.57 billion.

India is estimated to require around USD 1 trillion investments over five years to overhaul its infrastructure sector, including ports, airports and highways to boost growth.

The government has relaxed FDI norms in various sectors, including insurance, railways and medical devices, to boost FDI in the country.

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Story first published: Thursday, June 4, 2015, 12:30 [IST]
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