FDI Flows Into India Surge 18% During January-September

Foreign direct investment (FDI) inflows into India have risen by 18 percent to $26.51 billion during January-September period, a PTI report quoted Department of Industrial Policy and Promotion (DIPP) Secretary Amitabh Kant as saying at the sidelines of a CII event on “Make in India’. India received FDI worth $28.78 billion in 2014 and $22 billion in 2013.

The sectors that attracted the maximum FDI this year include services, computer hardware and software, telecom, automobile, and trading. Singapore is the top source for FDI coming into India, followed by Mauritius, the UK, Japan, the Netherlands and the US.

Bullish on a series of reforms unveiled this year, Kant said that the government expects FDI inflows to rise by 40-45 percent in 2016 despite a bleak global economic scenario. ‘Make in India’ was launched in end-September last year and since then FDI has grown by 40 percent as compared to the previous year.

The government has taken vast number of policy measures this year which will all bear fruit, he said adding that further steps are on the anvil to attract foreign capital.

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