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Services attract highest foreign direct investment, despite Make in India push

Out of the total FDI inflows of $31 bn received during April-March 2014-15, the services sector accounted for almost 17% of the cumulative inflows

Despite the government's efforts to increase investments in the manufacturing sector to boost its growth, services sector still continues to attract most foreign direct investment (FDI). Out of the total FDI inflows of $31 billion received during April-March 2014-15, the services sector accounted for almost 17 per cent of the cumulative inflows. During April-March 2014-2015, the services sector received foreign capital to the tune $3.25 billion compared to $2.22 billion in the corresponding period of 2013-2014, according to data by the Department of Industrial Policy and Promotion ...