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FDI inflows drops to $22.4 billion, down 38% in 2012-13

By Religare

India's FDI inflows registered 38 per cent decline to USD 22.42 billion in 2012-13 compared to the previous year.

FDI inflows were worth USD 35.12 billion in 2011-12.

As per the Department of Industrial Policy and Promotion (DIPP), the country, in March, attracted USD 1.52 billion FDI, taking the total to USD 22.42 billion in the entire financial year.

Sectors which received large FDI inflows during 2012-13 include services (USD 4.83 billion), hotel and tourism (USD 3.25 billion), metallurgical (USD 1.46 billion), construction (USD 1.33 billion), automobiles (USD 1.53 billion) and Pharmaceuticals (USD 1.12 billion), the reports added.

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