FDI inflows improve 13% in April-May: DIPP
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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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