India: FDI grows by 13 per cent in H1 2015-16

Foreign direct investment (FDI) in India registered a growth of 13 per cent to reach US$ 16.63 billion during the first half of the current fiscal (April-September 2015) as compared to US$ 14.69 billion in the same period last year. Sectors like computer software and hardware (US$ 3.05 billion), trading (US$ 2.30 billion), services and automobile (US$ 1.46 billion each) and telecommunications (US$ 659 million) attracted highest foreign investment. With the government relaxing FDI norms in many sectors including defence, single brand retail, construction and civil aviation, the foreign investment into India can be expected to continue to rise during the remaining months of this fiscal.

In another significant announcement, Indonesia is expecting FDI worth US$ 40-50 billion over the next five years from India which would be one-third of the total inward FDI aimed by Indonesia. Indonesia is focusing on areas such as infrastructure, maritime, energy, and manufacturing for FDI. Direct investments from India are expected to rise in the future as a result of greater cooperation between the two countries, said Mr R W Indrakesuma, Indonesian Ambassador to India.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.