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Indian FDI inflow registers decline for third consecutive month

25 Aug 2012 Evaluate
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.

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