Foreign Direct Investment (FDI) into India grew by 12% year-on-year to $1.7 billion in July, highest since April.
In July 2012, the country had received FDI worth $1.5 billion. In April, the first month of the current financial year, the inflows stood at $2.3 billion, according to the data of the Department of Industrial Policy and Promotion (DIPP). During the April-July period, FDI has grown by 20% to $7.1 billion, from $5.9 billion in the same period last fiscal, the data said.
The sectors that received large inflows during the first four months of the 2013-14 fiscal include services ($1billion), pharmaceuticals ($1 billion), automobile industry ($637 million) and construction ($359 million).
In July 2012, the country had received FDI worth $1.5 billion. In April, the first month of the current financial year, the inflows stood at $2.3 billion, according to the data of the Department of Industrial Policy and Promotion (DIPP). During the April-July period, FDI has grown by 20% to $7.1 billion, from $5.9 billion in the same period last fiscal, the data said.
The sectors that received large inflows during the first four months of the 2013-14 fiscal include services ($1billion), pharmaceuticals ($1 billion), automobile industry ($637 million) and construction ($359 million).
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