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Inbound FDI jumps 6.5% to $2.05 bn in June

By Religare
|

Notwithstanding a global slowdown, India remains an attractive destination for foreign direct investment (FDI) amidst fastening economic growth, an aggressive reform push and relaxation of FDI norms in many sectors such as insurance, railways, construction, defence and medical devices.

Asia's third biggest economy attracted foreign direct investment of USD 2.05 billion in June 2015, up by nearly 6.5 per cent from the same month a year ago,

In June 2014, inbound FDI in India stood at USD 1.92 billion, government data showed.

 

In May 2015, India attracted FDI worth USD 3.85 billion.

Data from the Department of Industrial Policy and Promotion (DIPP) showed that FDI received by India in the April-June 2015 period stood at USD 9.50 billion, up 31 per cent from USD 7.23 billion received during the same period a year ago.

With an FDI of USD 2.55 billion, Computer software and hardware was the highest FDI recipient among all sectors of the economy, in the April-June 2015 quarter, followed by automobile, trading, services and power which attracted foreign direct investment worth USD 1.09 billion, USD 897 million, USD 636 million and USD 271 million, respectively.

Singapore led the list of countries pouring in maximum FDI into India with USD 3.67 billion in the first quarter of the ongoing fiscal, followed by Mauritius, Netherland and the US (USD 2.08 billion, USD 652 million and USD 627 million), respectively.

Story first published: Friday, August 21, 2015, 23:00 [IST]
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