FDI inflows increase 36% in Jan-Oct

Foreign direct investment (FDI) in India surged 36 per cent to $23.7 billion during January-October this year, notwithstanding the uncertain global economic environment. During January-October 201O, the country had attracted FDI worth $17.36 billion.

Experts maintained the government should further streamline policies and make the environment more conducive to FDI. The sectors that attracted maximum FDI during the nine-month period include services (financial and non- financial), telecom, housing and real estate and construction and power, according to the industry ministry's latest data. Mauritius, Singapore, US, UK, Netherlands, Japan, Germany and the UAE are the major sources of investment in India. The FDI inflows totalled $19.42 billion in FY 2010-11, down from $25.83 billion in 2009-10.