Giving a sense of relief to the government, foreign direct investment (FDI) in the country rose to four-month high of $3.85 billion in May 2015, up by 7 percent compared to $3.60 billion in the same month of last year. Most importantly, the FDI figures for May 2015 are the highest since January 2015, when foreign equity investment was at $ 4.48 billion.
In the current financial year during April-May period, FDI in the country grew by 40 percent to $7.45 billion as compared to $ 5.30 billion in the same period last year. During financial year 2014-15, foreign fund inflows grew by 27 percent year-on-year, to $ 30.93 billion as against $24.29 billion in 2013-14.
Sectorally, computer software and hardware received the maximum FDI of $2.27 billion during the two months, followed by automobile $1 billion, trading $664 million, services $488 million and power $155 million.
Region wise, the country received the maximum FDI from Singapore of $2.9 billion, followed by Mauritius $1.68 billion, the Netherlands $587 million and the US $552 million.
After 2008, for the first time, India stood as top 10 FDI recipients during 2014. India, however, is the only BRIC country that hasn’t yet crossed the $50 billion-a-year FDI mark. An UN report has stated that the upward trend in FDI is likely to continue against the backdrop of a push to manufacturing as part of the 'Make In India' initiative.