FDI equity inflows in India reach US$ 21.5 billion during April-Dec 2009-10

Feb. 14, 2010 - PRLog -- The foreign direct investment (FDI) into India surged by 13.2 per cent to US$ 1.54 billion in December 2009 as compared to  US$ 1.36 billion in December 2008, according to the latest Reserve Bank of India (RBI) bulletin. As per RBI's latest bulletin released in February, the FDI equity inflows during April-December 2009-10 was US$ 21.5 billion, slightly higher as against US$ 21.15 billion in the corresponding period of the previous fiscal.

FDI inflows have shown healthy year-on-year growth consecutively for the third month since October. For October 2009 alone, it grew by 56 per cent to US$ 2.3 billion. In November 2009, it rose by 60 per cent to US$ 1.74 billion.

The services sector including, financial and non-financial segments, followed by telecom, realty and housing are attracting the maximum inflows from foreign investors, according to government sources. Overseas investors will soon be able to avail benefits of a newly compiled FDI policy with related 177 Press Notes. The draft is presently open to opinions from public.

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Overseas Indian Facilitation Centre (OIFC) is a not-for-profit public private initiative between the Ministry of Overseas Indian Affairs (MOIA) and Confederation of Indian Industry (CII). It provides a single-window facilitation services to Overseas Indians, for partnering in India’s development.

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