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India receives FDI inflows of $13.92 billion in first 9-months

08 Mar 2013 Evaluate

In the first nine months of current financial year, FDI inflows in India registered a sluggish growth to $13.92 billion, a decline of 39%, as against $23 billion in the same period a year ago and $14.93 billion in 2010-11. Sectors, which received foreign inflows, were services, Information and Broadcasting, metallurgical industries, chemicals and textiles.

Though, no separate data has been maintained on investment by the overseas Indians but as per the RBI, India received $22.45 billion in 2009-10 and $26.73 billion in 2008-09 from them.

Last year, with a view to increase FDI inflows, the government had liberalized the foreign direct investment policy and relaxed FDI policy in sectors, including multi-brand retail, single-brand retail, commodity exchanges, power exchanges, broadcasting, non-banking financial institutions and asset reconstruction companies.

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