FDI inflows into India to slip as TNCs rework investment plans

Foreign direct investment in India may erode sharply from the record USD 42 billion in 2008 with trans-national corporations (TNCs) going slow on expansion plans following the global financial meltdown, says an UNCTAD report.

FDI inflows not likely to stagnate

Despite global eco crisis, the country`s FDI inflows, which touched about USD 7bn in Q1 this fiscal, is unlikely to stagnate, a top government official said.