FDI up 43% in April

Following three months of consecutive decline, foreign direct investment (FDI) flows into India grew by about 43%to $3.12 billion in April, 2011.The country received $2.17 billion worth of FDI in April, 2010. Mauritius, Singapore, the United States, United Kingdom, Netherlands, Japan, Germany and the UAE are the major investors in India. In April, the maximum investment came from Singapore ($1.17 billion), followed by Mauritius ($976 million), Japan ($235 million), France $220) and Cyprus ($170 million). During the month, the sectors that attracted the maximum FDI during the period include services ($658 million), construction activities ($311 million), power ($256 million), computers and hardware ($96 million), telecommunications ($46 million) and housing and real estate ($38 million). In January, February and March, 2011, foreign investment inflows dipped by 48 % ($1.2 billion), 30 % ($1.04 billion) and 11% ($1 billion), respectively.