105 percent hike in FDI inflows in January 2015

Foreign direct investment (FDI) equity inflows into India rose by 105 percent during January 2015 as compared to the inflows during January 2014, official data showed.

According to the FDI statistics issued by department of industrial policy and promotion (DIPP), the FDI inflows during January 2015 stood at $4.48 billion up from $2.18 billion received in January 2014.

Interestingly the FDI inflow in January 2014 grew at a paltry rate of around two percent over the January 2013 inflows of $2.15 billion

During the current fiscal (April 2014-January 2015) the total FDI flow was at $25.52 billion - up from $18.7 billion logged during corresponding period the previous fiscal.

The top sectors that attracted FDI during the current fiscal are service, construction/real estate development, telecom, computer software and hardware, drugs, automobiles, chemicals, power, metallurgical industries, hotel and tourism.

In terms of source of FDI during the current fiscal Mauritius heads the table and is followed by Singapore, Britain, Japan, Netherlands, US, Cyprus, Germany, France and Switzerland.