August 8, 2011 1:00 PM

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FDI in India up by 310% in June 2011

Foreign Direct Investment into India grew 310 per cent to 5.65 billion US dollar in June this year. Government data released today said, the increase is highest in the past 11 years and it indicates revival of investor confidence in the Indian economy. FDI inflows in India in June 2010 amounted to 1.38 billion dollars only. In the April-June quarter of current fiscal, the FDI went up by a massive 133 per cent to 13.44 billion dollars. In the last financial year, FDI inflow into India had declined to 19.43 billion US dollars. But the inflows have maintained a positive outlook so far in this fiscal, according to the data.

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