NEW DELHI: Indian Foreign direct investment dipped by about 10 per cent in August this year and stood at 1.27 billion dollar which is the lowest figure in the last eight months, according to the data of the Department of Industrial Policy and Promotion.
In August of 2013, India had received FDI worth $1.40 billion. Last time in December 2013, FDI into India stood 1.10 billion dollar. However, for the April-August period of this fiscal, 2014-15, the foreign inflows increased by 42 per cent to $12.01 billion as compared to $8.46 billion in the first five months of 2013-14. Telecom sector received the maximum FDI of $2.33 billion in the five months, followed by services ($1.08 billion), pharmaceuticals ($903 million) and construction ($446 million). Experts said that decline in foreign investments could put pressure on the country’s balance of payments and may also negatively impact the value of the Indian rupee against dollar.
