Foreign direct investment (FDI) in India progressed about 63 percent to USD 3.28 billion (about Rs. 20,820 crores) in February 2015. During the April-February period of 2014-15, the foreign fund inflows have grown by 39 percent, year-on-year, to USD 28.81 billion, according to the data of Department of Industrial Policy and Promotion (DIPP).
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- In February 2014, the country had received FDI of USD 2.01 billion.
- The inflows were at USD 20.76 billion during the same period a year ago.
- Amongst the top 10 sectors, services received the maximum FDI of USD 2.88 billion in the 11-month period of 2014-15, followed by
- telecommunication (USD 2.85 billion)
- automobiles (USD 2.42 billion)
- computer software and hardware (USD 2.04 billion)
- pharmaceuticals (USD 1.30 billion).
- During the period, India received the maximum FDI from Mauritius (USD 8.44 billion), followed by
- Singapore (USD 6.42 billion)
- the Netherlands (USD 3.29 billion)
- Japan (USD 1.72 billion)
- The US (USD 1.69 billion).
- In 2013-14, FDI stood at USD 24.29 billion as against USD 22.42 billion a year earlier.
- The healthy inflow of foreign investments into the country helped India’s balance of payments (BoP) situation.
- India is estimated to require around USD 1 trillion investment over five years to overhaul its infrastructure sector, including ports, airports, and highways to boost growth.
- The government has relaxed FDI norms in various sectors, including insurance, railways and medical devices, to boost FDI in the country.