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Foreign Direct Investment increased by 13 per cent to US$ 16.63 billion in the first half of FY2016

IBEF:  December 02, 2015

New Delhi: Foreign direct investment (FDI) in India witnessed an increase of 13 per cent and reached US$ 16.63 billion during April-September, 2015 as compared to US$ 14.69 billion in the same period last year. Maximum FDI of US$ 6.69 billion was received from Singapore followed by Mauritius (US$ 3.66 billion), the Netherlands (US$ 1.09 billion) and Japan (US$ 815 million). Sectors which attracted highest foreign investment in the period were 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). Foreign fund inflows reached US$ 30.93 billion in FY 2014-15 compared to US$ 24.29 billion in 2013-14, showing a growth of 27 per cent. The government has relaxed FDI norms in 15 sectors including defence, single brand retail, construction development, civil aviation and LLPs to boost FDI in the country. Growth in foreign investments will help improve India's balance of payments (BoP) situation and strengthen the rupee.

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