Friday, February 25, 2011

FDI in 2010 dips by 22 per cent to $ 21 bn

  • India received foreign direct investment (FDI) worth $ 21 billion (Rs. 96,104 crore) in the calendar year 2010, a decline of 22 per cent over the year ago period, a latest industry ministry data said.
  • The country had attracted FDI valued at $ 27 billion (Rs. 130,980 crore) in 2009.

According to experts, foreign investors are cautious due to the fragile global economic recovery specially in Europe.

Countries, including Mauritius, Singapore, the U.S., U.K., Netherlands, Japan, Germany and UAE are the major investors in India.

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