India’s foreign direct investment (FDI) continues to gather momentum with the inflows registering a 310 per cent increase in June to $5.65 billion. This is the highest monthly inflow in the past 11 years.
In June 2010, FDI inflows into the country amounted to $1.38 billion. In comparison, the total foreign investment (FDI) was only around $25 billion for the whole of last year.
FDI inflows were growing by 77 per cent in the first two months (April & May).
“FDl equity inflows, for the month of June 2011, have been received from the Reserve Bank of India. The figures indicate that the trend of high FDI equity inflows, since the beginning of the present financial year, is being maintained,’’ the Commerce and Industry Ministry said in a statement.
FDI equity inflows for the first quarter of the current financial year (April-June, 2011) stood at $13.441 billion, an increase of almost 133 per cent, in dollar terms, against the corresponding period of the last financial year.
Similarly, for the first six months (January-June, 2011) total FDI stood at $16.832 billion, nearly 57 per cent higher over $10.740 billion received during the same period last year.
In 2010-11, FDI into India declined to $19.43 billion from $25.6 billion in 2009-10. In 2008-09, FDI stood at $27.3 billion.