Follow us on:   

Global crisis leads to 19% FDI dip in India
April 23, 2013, 7:04 am

[Getty Images]

The construction sector a received large FDI inflow during the 11 months of the last fiscal year [Getty Images]

India received foreign direct investment (FDI) worth $1.79 billion in February, 2013 – a decline of about 19 per cent due to a global economic slowdown.

India received maximum FDI from Mauritius ($8.97 billion), followed by Japan ($2.11 billion), Singapore ($1.98 billion), the Netherlands ($1.67 billion) and the UK ($1.06 billion).

In February last year, the country had received FDI worth $2.21 billion, whereas in January it had attracted $2.15 billion in FDI.

During the April-February period of 2012-13, FDI declined 38 per cent to $20.89 billion, an official in the department of industrial policy and promotion (DIPP) said on Monday.

During the same period of the previous fiscal year, FDI inflows stood at $33.49 billion.

Sectors which received large FDI inflows during the 11 months of the last fiscal year include services ($4.74 billion), hotel and tourism ($3.21 billion), metallurgical ($1.39 billion), construction ($1.26 billion) and pharmaceuticals ($1.11 billion), the official added.

India would require around $1 trillion in the next five years to overhaul its infrastructure sector such as ports, airports and highways to boost growth.

Source: Agencies

Leave a Reply

Your email address will not be published. Required fields are marked *

Anti-Spam * Time limit is exhausted. Please reload the CAPTCHA.