FDI dips to 1.49 bn in Feb; annual inflows show growth
Press Trust of India / New Delhi Apr 09, 2009, 18:52 IST
Foreign direct investment (FDI) to India dipped to $1.49 billion in February from $5.67 billion a year ago amid the global credit crunch, but inflows in the 11-month period (April-February 2008-09) of the fiscal have already crossed the inflows in the entire preceding fiscal.
Despite over 73 per cent year-on-year drop in inflows in February, the FDI for the 11-month period of fiscal 2008-09 has aggregated to $25.38 billion against $24.57 billion in the previous fiscal, an official said.
Inflows remained robust in the first half of 2008-09 but with the deepening of international financial crisis, it slowed down.
Though the country would not achieve even the truncated FDI target of $30 billion in 2008-09, it has already seen an inflow expansion in the midst of difficult global environment.
India's cumulative FDI inflows from April 2000 to February 2009 stands close to $88 billion.
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