India’s FDI in January this year fell by 25% margin. Foreign Investments India totaled $2.04 billion, a marked fall from the previous year’s close. The total cumulative amount of FDI inflows in India were Rs 563,656 million, about US$129,656 million over a decade from 1991 to January 2010. The country attracted FDI inflows of US$1.74 billion as at November 2009. That marked a 60 per cent increase that was achieved in November 2008 which stood at US$1.08 billion. The cumulative amount of FDI inflows tabulated from 1991 to end of December 2009 was US$127.46 billion. The Department of Industrial Policy and Promotion stated in its latest data. Equity FDI inflows into India stood at US$1.54 billion in 2009, December. Thus when tabulated cumulatively, a total sum of US $20.92 billion represents the countries FDI Equity inflows from April to December 2009. In the April to December fiscal year of 2009, foreign investments India inflows peaked at an impressive US$26.5 billion. That was in addition to the total FDI inflows of US$23.82 made in January to October of the same year. The Department for Industrial Policy and Promotion estimates that October last year had a 56% in FDI at a sum of US$2.33 billion. The Indian services sector attracted net FDI estimated at US$3.54 billion from April to December, 2009. Computer software and hardware sector got around US$595 million in the same period. US$2.36 billion marked the Telecommunications earnings in FDI over the same time. Leading investors into India with major FDI inflows were led by Mauritius with a staggering US$8.91, with Singapore coming a close second with US$1.7 billion. The US had an overall US$1.58 billion in FDI inflows into India over the same period of time.
The Indian economy continues to perform impressively despite the biting Greek Crisis and its fears. The Retail market in the Country ranks as the fifth biggest worldwide. This has made India an attractive destination for foreign investments. The Country’s total mergers and topped US$2,167 million when compared to the US$1, 324 million and US$223 million in the same time in 2008 and 2009. A survey by the Japan Bank for International Cooperation ranked India as the second most promising destination for foreign investments. The first position went to China. This survey was done amongst Japanese foreign investors in the Countries of study. The Indian has been significant in its encouragement of foreign investments India for its emerging economy.
K.K.Poria -
About the Author: Writer, political analyst, defense analyst, international politics