The foreign direct investment-FDI, in India saw a decline of 32 per cent during the first quarter this year. India received foreign direct investment worth 3.39 billion US Dollars during January-March. According to the latest data from the industry ministry, in the country received FDI worth 4.96 billion US Dollars in the first quarter last year. The sectors that attracted FDI include services (financial and non-financial), telecommunications, housing and real estate, construction activities and power.Mauritius, Singapore, the US, UK, Netherlands, Japan, Germany and the UAE, among other countries, are the major investors in India. FDI inflows into India totalled 19.42 billion in 2010-11, down from 25.83 billion in 2009-10.To attract more foreign direct investment, the Department of Industrial Policy and Promotion is taking steps like permitting the issuance of equity to overseas firms against imported capital goods and machinery.
News On AIR | May 23, 2011 5:58 PM
FDI declines 32 percent in Q1<br/>