India received foreign direct investment of 3.26 billion US dollars in August, a robust growth of 40.51 per cent over the same month last year, inspite of the persisting global financial crisis. According to the Reserve Bank of India, FDI inflows in August last year stood at 2.32 billion US dollars. The total FDI inflows during April-August, however, contracted by about 3.41 per cent to 14.14 billion USD compared to the same period in 2008-09, due to poor accruals in the opening months of the fiscal. In 2008-09, the government had set a target of attracting 35 billion USD FDI, but was able to receive only 27.30 billion USD due to the global financial crisis.