Foreign direct investment inflows grow by 18%

Date: February 24, 2017

Singapore Mauritius the Netherlands and Japan

Foreign direct investment (FDI) grows up by 18 percent in India to touch 46 million USD data; services, telecom, trading, computer hardware and automobile sector attract highest foreign inflows.

The recent steps announced by the government to attract foreign inflows, are yielding positive results. According to data released by the Department of Industrial Policy and Promotion, the Foreign direct investment in India grew 18 per cent during 2016 to touch USD 46 billion. The country attracted FDI of USD 39.32 billion in 2015.

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The data further showed that the main sectors which attracted the highest foreign inflows include services, telecom, trading, computer hardware and software and automobile.

While, Bulk of the FDI came in from Singapore, Mauritius, the Netherlands and Japan.