FDI inflows improve 13% in April-May: DIPP
Mumbai: India`s FDI inflows have improved
by 13 percent at USD 4.2-billion in April-May against the
previous two months led by recovery in the global financial
markets, a top government functionary said on Monday.
"FDI (Foreign Direct Investment) inflows were higher
in April and May (first two months of FY10) at USD 4.2
billion. In February-March, inflows were about USD 3.7
billion," Secretary to Department of Industrial Policy &
Promotion (DIPP), Ajay Shankar, told reporters on the
sidelines of a CII function here.
Shankar, however, did not specify which sectors were
the beneficiaries of these funds.
"There has been a pick-up in fund inflows because of
return of liquidity and strengthening in the global financial
markets," Shankar said.
However, FDI in India dipped by about 47 percent to
USD 2.1-billion in May due to the global recession.
During the same month last year, FDI inflows stood at
Cumulative FDI from April 2000 to March 2009 stands
close to about USD 90-billion.
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