Foreign direct investment (FDI) flows to India surged by about 34 percent to USD 1.92 billion in June, according to the data released by Government .
During April-June in this fiscal, the foreign inflows recorded a growth of 34 percent.
During April-June in this fiscal, the foreign inflows recorded a growth of 34 percent.
FDI was at USD 7.23 billion in April-June, 2014-15 compared to USD 5.39 billion in April-June 2013-14,
In May, the FDI figure (USD 3.60 billion) was the highest since September 2013 when the country received foreign investment of USD 4.13 billion.
Amongst the top 10 sectors, telecommunications received the maximum FDI in the first quarter of the current fiscal at USD 2 billion followed by services (USD 738 million), pharmaceuticals (USD 680 million) and construction (USD 281 million).
In 2013-14, FDI inflows in India were USD 24.29 billion against USD 22.42 billion in 2012-13.
India requires around USD 1 trillion in the next five years to overhaul its infrastructure sector, including ports, airports and highways to boost growth.
The government is taking more steps to boost FDI in the country. It has raised the foreign investment limit to 49 percent in defence manufacturing and relaxed the policy in construction sector. The government has also proposed to increase the FDI cap in insurance to 49 percent.
In May, the FDI figure (USD 3.60 billion) was the highest since September 2013 when the country received foreign investment of USD 4.13 billion.
Amongst the top 10 sectors, telecommunications received the maximum FDI in the first quarter of the current fiscal at USD 2 billion followed by services (USD 738 million), pharmaceuticals (USD 680 million) and construction (USD 281 million).
In 2013-14, FDI inflows in India were USD 24.29 billion against USD 22.42 billion in 2012-13.
India requires around USD 1 trillion in the next five years to overhaul its infrastructure sector, including ports, airports and highways to boost growth.
The government is taking more steps to boost FDI in the country. It has raised the foreign investment limit to 49 percent in defence manufacturing and relaxed the policy in construction sector. The government has also proposed to increase the FDI cap in insurance to 49 percent.
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