FDI rises to 4-month of $3.85 billion in May

Foreign direct investment (FDI) in the country rose to four-month high of USD 3.85 billion in May 2015, up by 7 percent compared to the same month of last year, official data showed.

New Delhi: Foreign direct investment (FDI) in the country rose to four-month high of USD 3.85 billion in May 2015, up by 7 percent compared to the same month of last year, official data showed.

In May 2014, FDI stood at USD 3.60 billion. India received FDI of USD 3.60 billion in April 2015.

The FDI figures for May 2015 are the highest since January 2015, when foreign equity investment was at USD 4.48 billion.

During April-May period of this fiscal, FDI in the country grew by 40 per cent to USD 7.45 billion as compared to USD 5.30 billion in the same period last year.

Amongst the top 10 sectors, computer software and hardware received the maximum FDI of USD 2.27 billion during the two months, followed by automobile (USD 1 billion), trading (USD 664 million), services (USD 488 million) and power (USD 155 million).

During the period, India received the maximum FDI from Singapore (USD 2.9 billion) followed by Mauritius (USD 1.68 billion), the Netherlands (USD 587 million) and the US (USD 552 million).

During financial year 2014-15, foreign fund inflows grew at 27 percent, year-on-year, to USD 30.93 billion as against USD 24.29 billion in 2013-14.

The government has relaxed FDI norms in various sectors, including insurance, railways and medical devices, to boost FDI in the country.

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