FDI inflow up by 12% to $1.65 bn in July

Written by Press Trust of India | New Delhi | Updated: Sep 18 2013, 08:21am hrs
Foreign Direct Investment (FDI) into India grew by 12% year-on-year to $1.65 billion in July, highest since April.

In July 2012, the country had received FDI worth $1.47 billion. In April, the first month of the current financial year, the inflows stood at $2.32 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 $7.05 billion, from $5.90 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 ($1.02 billion), pharmaceuticals ($1 billion), automobile industry $637 million) and construction ($359 million).

A DIPP official said that the recent steps announced by the government would further help in attracting FDI inflows.