FDI soars 63 percent to USD 3.28 billion in February

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.