FDI slips by over 43% to around 2.2 billion in May
New Delhi: India`s foreign direct investment
(FDI) declined by over 43 percent to around USD 2.2 billion
in May, 2009, compared to USD 3.9 billion in the same period
last year on account of global recession.
"FDI was around USD 2.2 billion in May," Department of
Industrial Policy and Promotion Secretary Ajay Shankar told
reporters on the sidelines of a seminar organised by
CII-Institute of Logistics.
And "we think that liquidity is improving and confidence
in the economy is rising. These numbers (FDI) should pick up,"
The government had scaled down the FDI target by USD 5
billion from USD 35 billion last fiscal. Cumulative FDI from
April 2000 to March 2009 stands close to about USD 90 billion.
Thanks to robust trends in the first six months of the
last fiscal, FDI in 2008-09 was USD 27.3 billion against USD
24.5 billion in 2007-08.
More from India
More from World
More from Sports
More from Entertaiment
- Defence Minister Manohar Parrikar stands in a queue at Pune wedding!
- India's second deadliest heatwave kills more than 2000 people
- Jamaat-e-Islami chief announces Rs 100 cr reward for PM Modi's arrest
- DNA: Captain Saurabh Kalia's torture at the hands of Pakistani Army
- DNA: Govt tests Maggi noodle samples from all states
- Check CHSE orrisharesults.nic.in, chseodisha.nic.in for Class 12 (Plus Two) Result 2015
- Will ask SC if India can pursue Captain Saurabh Kalia case against Pakistan in ICJ: Sushma Swaraj
- Salman, Aamir, Shah Rukh in a film together?
- Assam Board (seba.net.in & resultsassam.nic.in): SEBA HSLC / AHM class 10th Results 2015 to be announced today
- Anti-minority remarks by Sangh Parivar leaders 'uncalled for': Narendra Modi