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FDI increased 8% in June to USD 2.58 billion

India has attracted Foreign Direct Investment worth USD 2.58 billion in June, an eight percent increase over the same month last year, a senior official said on Wednesday.



New Delhi: India has attracted Foreign Direct Investment worth USD 2.58 billion in June, an eight percent increase over the same month last year, a senior official said on Wednesday.

"The FDI is rising. In June, it was eight percent more (than the same month last year)," Secretary in Department of Industrial Policy and Promotion Ajay Shankar told reporters
here.

In June 2008, the FDI inflow was USD 2.39 billion.

However, the total foreign investment inflows during
April-June contracted by over 30 percent to USD 7.02 billion
over the same quarter of 2008-09. In the first quarter of the
previous fiscal it was USD 10.07 billion.

The FDI inflow in May was USD 2.1 billion.

Bureau Report

From Zee News

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