Foreign direct investment (FDI) in the country has increased by 56 per cent to reach $2.53 billion in November last year. The improvement in FDI inflows in November comes after two months of declining trend.The country had received $1.62 billion overseas investment in November 2010. According to the sources the cumulative flows of $22.83 billion for the April-November period have crossed $19.43 billion which came in the full fiscal of 2010-11.Analysts feel that if the trend continues, the FDI in the current financial year would cross $30 billion, a development which will have a positive effect on rupee in the foreign exchange market.AIR correspondent reports that Mauritius, Singapore, United States of America, UK, the Netherlands, Japan, Germany and the UAE are major sources of FDI for India.Sectors which attracted the maximum funds include services, construction activities, power, computers and hardware, telecom, housing and real estate.
News On AIR | January 10, 2012 2:31 PM
FDI inflows increase 56 per cent