India?s FDI inflows have improved by 13 per cent at USD 4.2-billion in April-May against the previous two months led by recovery in the global financial markets, a top government functionary said today.
?FDI (Foreign Direct Investment) inflows were higher in April and May (first two months of FY10) at USD 4.2 billion. In February-March, inflows were about USD 3.7 billion,? Secretary to Department of Industrial Policy & Promotion (DIPP), Ajay Shankar, told reporters on the sidelines of a CII function here.
Shankar, however, did not specify which sectors were the beneficiaries of these funds.
?There has been a pick-up in fund inflows because of return of liquidity and strengthening in the global financial markets,? Shankar said.
However, FDI in India dipped by about 47 per cent to USD 2.1-billion in May due to the global recession.
During the same month last year, FDI inflows stood at USD 3.9-billion.
Cumulative FDI from April 2000 to March 2009 stands close to about USD 90-billion.