BANGALORE: Foreign direct investment (FDI) in the country more than doubled to about $ 4.5 billion in December 2015. "FDI inflow to India recorded a whopping 114 percent growth for December 2015 vs December 2014," the Commerce and Industry Ministry said in a tweet. In December 2014, India had received $ 2.16 billion.

The major sectors that attracted foreign inflows include computer software and hardware, trading, services, automobile and telecommunications. India receives maximum FDI from Singapore, Mauritius, the Netherlands and Japan. In 2014-15, foreign fund inflows grew 27 percent to $ 30.93 billion as against $ 24.29 billion in 2013-14.

The government has relaxed FDI norms in as many as 15 sectors, including Defence, single brand retail, construction development, civil aviation and LLPs, to boost FDI in the country. Foreign investments are considered crucial for India, which needs around $ 1 trillion in the next five years to overhaul its infrastructure sector such as ports, airports and highways to boost growth.

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