Foreign direct investments (FDI) continued to nose dive despite signs of improvment in the western markets. In the first month of the calendar year FDI inflows dipped 48% to $1.04 billion over the same period last year. In January 2010, India attracted foreign direct investment (FDI) worth $2.04 billion. The major FDI destinations continued to be Mauritius, followed by Singapore, US, UK, Netherlands, Japan, Germany and UAE. India had received $22.9 billion FDI during April-January 2009-10. In the April-January period, FDI dipped 25% to $17 billion over the year ago period. FE reported on Tuesday that the the government is considering liberalising profit repatriation back to the country by easing rules pertaining to overseas direct investments. For this purpose the DIPP is going to pass a Cabinet note.
FDI nosedives 48% in Jan
Foreign direct investments (FDI) continued to nose dive despite signs of improvment in the western markets. In the first month of the calendar year FDI inflows dipped 48% to $1.04 billion over the same period last year.
This article was first uploaded on March ten, twenty eleven, at four minutes past nine in the night.