September 17, 2013 8:53 PM

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FDI grows 12% to 1.7 billion dollars in July

Foreign Direct Investment into the country grew 12 per cent, year-on-year, to 1.7 billion dollars in July–the highest since April. According to data of the Department of Industrial Policy and Promotion, during the April-July 2013 period, FDI grew 20 per cent, to 7.1 billion dollars.

The sectors that received the largest inflows during the first four months of the current fiscal include services and pharmaceuticals with one billion dollars, each, the automobile industry with 637 million, and construction with 359 million dollars.

The maximum FDI during the period came from Singapore at 2.2 billion dollars, followed by Mauritius at 1.9 billion, the Netherlands at 520 million, Germany at 518 million, and the US at 371 million dollars.

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