Foreign Direct Investments Up 23% in April-May

FDI inflows into the country increased 23% in the first two months of the current fiscal from a year ago. The cumulative foreign direct investment in April-May was investment in April-May was $10.02 billion, or about Rs.64,524 crore, compared with $8.12 billion, or about Rs.52,289 crore, a year earlier.

The government has put in place an investor friendly policy for FDI and except for a small negative list most sectors are open for 100% FDI.

In 2016-17, the foreign fund inflows aggregated at $60.08 billion, or about Rs.3,86,885 crore.

Ths food processing sector attracted FDI of $182 million during April-May 2017.

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