In the backdrops of slowing global economy and domestic economic problems, foreign direct investments (FDI) in India have posted a sharp dip of over 78% in June, the third straight monthly fall, to $ 1.24 billion, from $ 5.65 billion in the year-ago period.
Ficci Secretary General Rajiv Kumar pointed that implementation of FDI in multi-brand retail and aviation sector would have to be exercised soon in order to attract more FDI to the country. Foreign inflows in April and May had dipped to $1.85 billion and $ 1.32 billion compared to $ 3.12 billion and $ 4.66 billion.
In June 2012, India received the highest FDI from Mauritius of $ 1.43 billion followed by the Netherlands with $ 543 million, the UK with $ 418 million, Singapore about $ 403 million and Cyprus about SD 203 million. The inflows had added up to $ 36.50 billion in 2011-12 against $ 19.42 billion in 2010-11 and $ 25.83 billion in 2009-10.