Foreign investments touch $15 Billion
By siliconindia   |   Friday, 14 August 2009, 00:06 IST   |    3 Comments
Printer Print Email Email
Foreign investments touch $15 Billion
Bangalore: Recovery signs in the Indian economy have lifted confidence among the foreign investors, as the flows of the foreign investments have surged five times in the April-June quarter, reaching $15 billion. The preceding quarter of January-March recorded nearly $3 billion, as the data released by RBI revealed direct and portfolio investments flow together rose sharply to $15 billion during April-June quarter. Portfolio investments accounted for $8.27 billion and direct inflows accounted $7.01 of the total flows of the investment. The total inflow in the domestic market was mere $3.58 in three months ended March, 2009. The global financial meltdown had caused panic among the foreign investors, which led to sharp decline in the fund inflows and prompted them to pull out money. The country received a total investment of $61.63 billion in 2007-08, for the full financial year ended March 31, 2009, the total investments dropped to $21.31 billion. Direct investment contributed $35.16 billion, as the portfolio investments recorded a negative flow of $13.85 billion of the total fund flows in the country in 2008-09.

siliconindia