The foreign direct investment into the country jumped 13.2 per cent to 1.54 billion US Dollars inDecember against 1.36 billion US Dollars in December 2008.According to the latest RBI bulletin , this is the third consecutive month that FDI inflows haveposted a healthy year-on-year jump. In October, FDI grew by 56 per cent to 2.3 billion US Dollars ,while in November it surged by 60 per cent to 1.74 billion US Dollars .A highly placed official said the services sector including,financial and non-financial segments, followed by telecom,realty and housing are the favourate destinations for foreign investors.Our correspondent adds,to provide greater clarity to overseas investors, the government has released a compendium of all FDI-related 177 Press Notes for comments from public. It also said FDI rules would be reviewed twice a year from the next fiscal.
News On AIR | February 10, 2010 9:22 PM
FDI in December surges by over 13 per cent to 1.54 bn