FDI jumps to 8-month high of $ 3.6b in May in India
Friday, 18 July 2014
The foreign direct investment (FDI) flows into India more than doubled to 3.60 billion US dollar in May, the highest in the last eight months. In May 2013, the country had received FDI worth $ 1.63b. During April-May this fiscal, the foreign inflows grew by 34 per cent to $ 5.30b as compared to $ 3.95b in the same period last year, according to the data of Department of Industrial Policy and Promotion. The monthly FDI figures for May are the highest since September 2013 when the country received foreign investment of $ 4.13b, according to AFP.