| Date: |
19-04-2012 |
| Subject: |
India FDI rises 74% in Feb. to $28.4b |
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NEW DELHI India received $2.21 billion in foreign direct investment in February, showing an annual growth of 74 per cent, taking cumulative inflows to $28.40 billion for the April-February period last year.
In February 2011, the country received FDI worth $1.27 billion. Experts say there is greater potential for attracting FDI provided economic reforms are pushed.
“There is a need for strong reforms like 100 per cent FDI in sectors like multi-brand retail and insurance. There is a need to boost investor confidence. $2 billion in month is not a big number,” Federation of Indian Chambers of Commerce and Industry Secretary General Rajiv Kumar said.
Source : omantribune.com
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