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Aug 27, 2010

Economy : 45 % drop in FDI

  • At a time when India was contemplating opening up the multi-brand retail and defence sectors for foreign direct investment, FDI inflows declined by about 45 per cent to $1.41 billion in June this year from $2.58 billion in the year-ago period.
  • The sectors which attracted foreign investment include services, tele communication, construction activities and computer software and hardware. Foreign investment in May 2010 was $2.2 billion.
  • FDI during the first quarter of 2010-11 : $5.80 billion against $7.01 billion in 2009-10.
  • The government has been taking measures to streamline the procedures for foreign investors.
  • FDI in 2009-10 at $25.88 billion was lower by five per cent against $27.33 billion in the previous fiscal.

Know your personality by your name latter.

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