FDI dips by 11% to $15.27 bn in H1

The government today said FDI inflows into India have dipped by about 11 per cent to $15.27 billion in the first six months of the current fiscal.

"...The FDI inflows during April to September in the financial year 2008-09 were Rs 731,105.60 million ($17,211.17 million) as against Rs 741,827.83 million (USD 15,272.04 million) for the corresponding period in the current fiscal (2009-10)," Minister of State for Commerce and Industry Jyotiraditya Scindia said in a written reply to Rajya Sabha.

Referring to the data available, he however said, the FDI inflows have shown an increasing trend on yearly basis since 2004-05 ($3.2 billion) until 2008-09 ($27.3 billion).

The government regularly undertakes activities to attract investment into the country and create awareness on investment climate and opportunities in India.

Besides, he said, under the liberalised economic environment, decisions of investors are based on macro economic policy framework, the investment climate in the host country, investment policies of trans-national corporations and other commercial considerations.