- Even as global recovery continues to be fragile, foreign direct investment (FDI) inflows into India stood at just $15.97 billion during the January-September period, down 26 per cent as compared to the same period last year.
- According to the official data of Department of Industrial Policy and Promotion (DIPP), in January-September, 2009, the country attracted FDI worth $21.44 billion. The countries that pumped the maximum foreign capital into the Indian economy during the nine-month period were Mauritius, Singapore, the U.S., the Netherlands, Cyprus, Japan, Germany and France.
- The sectors that attracted the maximum foreign inflows include services (financial and non-financial), computer software and hardware, telecommunications, housing, real estate, power and automobiles.
- According to the data released by the Reserve Bank of India (RBI) in its latest bulletin, FDI flows shrunk by over 23 per cent during the first-half of the current financial year to $13.50 billion from $17.55 billion a year ago. However, the pace of decline has come down during September when inflows increased by over 40 per cent mainly due to acquisition of shares in Indian companies worth $1.5 billion getting completed.
- In contrast to FDI, FII (foreign institutional investment) inflows have surged due to better returns that are on offer in emerging markets such as India. During the first-half of the financial year, FII's had invested $22.3 billion in Indian stocks and bonds as compared to $15.27 billion during April-September 2009, an increase of over 46 per cent.
No comments:
Post a Comment