India gets $7 Billion FDI in first quarter
Monday, 17 August 2009, 14:35 IST
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Kolkata: India received $7 billion in foreign direct investment (FDI) during the first quarter of the current fiscal, a senior official said here Friday. "For the April-June period there was an approximate $2 billion FDI inflow every month," Gopal Krishna, joint secretary to the Department of Industrial Policy and Promotion, said during an interactive session organised by Indian Chamber of Commerce. He described the $7 billion received so far as a satisfactory amount. "Services including financial, non-financial, software, telecommunication, construction and real estate are the areas where we see a large amount of FDI inflows," he added. Talking about the annual projection of the FDI for the country, Krishna said the government is not setting any target for the year keeping in view the global economic slowdown. He was confident the country would manage to bag 1.5 percent of the total global FDIs. In 2009 it is projected that there would be total $1.2 trillion of FDI globally, down from $1.6 trillion in 2008 due to the economic slowdown.
Source: IANS
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