Macro Economy

FDI soars 63% to $3.28 bn in February

PTI New Delhi | Updated on April 27, 2015 Published on April 27, 2015

Luring investments: India needs $1 trillion investments in infrastructure including roads, power, airports and railways which is a big opportunity for foreign investors.

Foreign direct investment (FDI) in India jumped about 63 per cent to $ 3.28 billion (about Rs 20,820 crore) in February, 2015.

In February last year, the country had received FDI of $ 2.01 billion.

During the April-February period of 2014-15, the foreign fund inflows have grown by 39 per cent, year-on-year, to $ 28.81 billion, according to the data of Department of Industrial Policy and Promotion (DIPP).

The inflows were at $ 20.76 billion during the same period a year ago.

Amongst the top 10 sectors, services received the maximum FDI of $ 2.88 billion in the 11-month period of 2014-15, followed by telecommunication ($ 2.85 billion), automobiles ($ 2.42 billion), computer software and hardware ($ 2.04 billion) and pharmaceuticals ($ 1.30 billion).

During the period, India received the maximum FDI from Mauritius ($ 8.44 billion), followed by Singapore ($ 6.42 billion), the Netherlands ($ 3.29 billion), Japan ($ 1.72 billion) and the US ($ 1.69 billion).

In 2013-14, FDI stood at $ 24.29 billion as against $ 22.42 billion a year earlier.

Healthy inflow of foreign investments into the country helped India’s balance of payments (BoP) situation.

India is estimated to require around $ 1 trillion investment over five years to overhaul its infrastructure sector, including ports, airports and highways to boost growth.

Government has relaxed FDI norms in various sectors, including insurance, railways and medical devices, to boost FDI in the country.

Published on April 27, 2015
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