FDI in April dips 26% to $1.7 bn; lowest in 5 months

Posted By: Religare
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FDI in April dips 26% to $1.7 bn; lowest in 5 months
The foreign direct investment (FDI) into India has declined 26 per cent to USD 1.70 billion in April - the lowest in last five months, according to the data of Department of Industrial Policy and Promotion, reported PTI.

In April 2013, the country had received FDI worth USD 2.32 billion, as per the media reports.

Amongst the top 10 sectors, pharmaceuticals received the lowest FDI in April at USD 1 million as against USD 987 million in April 2013.

Sectors which registered growth in FDI include services (USD 382 million), hotel and tourism (USD 109 million), metallurgical industries (USD 72 million), construction (USD 69 million), the data said.

According to media reports, last time, the country had received its lowest FDI in December when it was USD 1.10 billion.

During the month under review, India received maximum FDI from Mauritius at USD 489 million, followed by Singapore (USD 316 million), Japan (USD 214 million), the Netherlands (USD 101 million) and the UK (USD 43 million), as per the media reports.

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