FDI cheers back in India; up 56% in Nov 2011

Posted By: Religare
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FDI cheers back in India; up 56% in Nov 2011
The bright and highly-needed foreign sunshine is back to India, with straight 56 per cent increase in FDI during the month of November 2011, signaling a promising year ahead. Foreign investors brought in USD 2.53 billion during the November, after staying away for two months from Indian markets.

Besides, the total inflows for the April-November period stood at of USD 22.83 billion, thus washing away the target of USD 19.43 billion achieved in the full financial year 2010-11.

Though Indian markets have remained attractive for foreign investors amid slowing western economies, but an image of policy paralysis developed during recent times, would be a factor that might disturb the trend of growth in India. The failure of government to pull-in foreign retail giants, has left many investors to rethink about their investment decision.

Experts opined that couple of good reforms as well as liberal policies can be very helpful and with the current trend, FDI can cross USD 30 billion mark in the next financial year.

Close on the heels, government has already tightened its belts for the same, as it has approved 20 fresh FDI proposals in 2012, worth Rs 1,935 crore.

Dion Global Solutions Ltd

Read more about: fdi, investors, government, economy
Story first published: Tuesday, January 10, 2012, 23:31 [IST]
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