| Date: |
05-01-2011 |
| Subject: |
FDI Dips by About 7% to $1.6 bn in Nov |
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With economic recovery in the rich countries remaining fragile, FDI inflows to India dipped for the second consecutive month, falling by about 7 per cent to USD 1.6 billion in November 2010 over the same period last year.
In November 2009, FDI stood at USD 1.72 billion.
During the first eight months of 2010-11, India received Foreign Direct Investment (FDI) inflows worth USD 14.02 billion, a decline of 27.4 per cent over the corresponding period of previous year, an official said.
During April-November 2009-10, the foreign inflows stood at USD 19.32 billion.
The inflows remained low despite a recent World Bank study stating the FDI flows into developing countries, including India, is expected to recover over the next couple of years.
"The sluggish and fragile financial recovery in western countries like the US and Europe could be one of the reasons for slowdown in FDI in India, the official said.
Source : indianexpress.com
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