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FDI inflows improve 13% in April-May: DIPP

Last Updated: Monday, July 27, 2009 - 19:52

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
USD 3.9-billion.

Cumulative FDI from April 2000 to March 2009 stands
close to about USD 90-billion.

Bureau Report

First Published: Monday, July 27, 2009 - 19:52
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