Foreign direct investment (FDI) in the country during April-February 2015-16 has increased by 27.45 percent to $42 billion from $32.96 billion inflows in April-February 2014-15, according to the Reserve Bank of India (RBI) data.
The data further highlighted that the FDI in February was $3.2 billion, down from $5.14 billion in January. The foreign direct inflows were $3.48 billion in February 2015. Furthermore, the net FDI (minus FDI outflow) was $34.04 billion during April-February as against $29.66 billion in the same period of the last fiscal.
As per the Finance Ministry, 98 per cent of foreign direct investment is coming into India through the automatic route and the number of applications being routed via the FIPB approval route has started declining. The government has been liberalising the FDI regime and has brought a number of sectors such as insurance, railways, defence, and e-commerce under the automatic route.