Foreign Direct Investment (FDI) inflows into India more than trebled to $11.4 billion in the first six months of 2007, as against $3.6 billion received during the same period in 2006.

The FDI equity inflows during 2006-07 stood at $15.7 billion, as compared to $5.5 billion received during 2005-06, the Commerce Minister Kamal Nath said here.“This is a growth of 185 per cent as compared to the previous year. 
This is also the first time that FDI equity inflows into India have crossed the US$10 billion mark,” he said.

Mega deals

During the first quarter of the current fiscal 2007-08, the FDI inflows have been $4.9 billion, as against $1.7 billion dollars received during the corresponding quarter of 2006-07, registering a growth of more than 185 per cent. This shows that India remains a favourite destination of FDI, Nath said. 

During 2007-08 so far, Vodafone, the world’s biggest mobile operator, topped the list of foreign investors bringing in $801 million.

It was followed by Matsushita Electric Works of Japan with $342 million. Services, Telecom, Electrical Equipments, Real Estate and Transportation are the five major sectors receiving FDI inflows in 2007-08.