New Delhi: Foreign direct investment (FDI) in India over doubled to USD 4.48 billion in January. During the period (April-January), India received the maximum FDI from Mauritius at USD 7.66 billion, followed by Singapore (USD 5.26 billion), the Netherlands (USD 3.13 billion), Japan (USD 1.61 billion) and the US (USD 1.58 billion).
It was the highest inflow in last 29 months. In January 2014, the country had received USD 2.18 billion in FDI. It was in September 2012 that India had attracted FDI that was worth USD 4.67 billion. Amongst the top 10 sectors, telecom received the maximum FDI of USD 2.83 billion in the 10-month period, followed by services (USD 2.64 billion), automobiles (USD 2.04 billion), computer software and hardware (USD 1.30 billion) and pharmaceuticals (USD 1.25 billion).
The foreign inflows during the April-January period of the current fiscal have grown by 36 percent, year-on-year, to USD 25.52 billion, according to data from Department of Industrial Policy and Promotion (DIPP). The inflows were at USD 18.74 billion during the same period a year ago.
