Foreign direct investment into India continues its downward trend for the third consecutive month. It dipped by about 60 per cent to 1.33 billion US Dollars in August. The FDI inflows in August 2009 were 3.26 billion US Dollars. For the April-August period the inflows declined by 35 per cent to 8.92 billion compared to 13.8 billion US Dollars in the same period last year. According to experts, weak global economic recovery is one of the reasons for declining FDI in India.The sectors, which attracted foreign investment, included services, telecommunication, construction activities and computer software and hardware. The country received maximum investment from countries like Mauritius, the US, the UK, Singapore, the Netherlands and Japan. The government has recently floated discussion papers for public comments to liberalise FDI in multi-brand retail and defence sector. The foreign investment remained low-key despite a recent UNCTAD survey showing that India would remain the second most important FDI destination for transnational corporations during.