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Foreign direct investment (FDI) into the country declined 9 per cent to $6.51 billion during January-April 2011 compared with $7.14 billion in the same period a year ago, according to the Industry Ministry data.
However, FDI flows into India bounced back in the month of April, on an investment surge in services, construction and auto sectors, reversing a steep drop recorded in the previous fiscal year.
In April, FDI rose an annual 43 per cent to $3.1 billion, with analysts expecting the year to show an improvement in such flows owing to previously announced big-ticket projects.
Services sector
The sectors that attracted FDI include services (financial and non-financial), telecommunications, housing and real estate, construction activities and power, the data said.
The service sector, which saw investments rise an annual 21 per cent to $658 million in April, was the top recipient of FDI inflows.
FDI in the construction sector, including into roads, were up by 7 per cent to $311 million in April. The automobile sector attracted $266 million, up 5 per cent, while flows into the power sector also grew 5 per cent to $256 million.
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