FDI up 31% to $27.5 b in 2011

Foreign direct investment (FDI) in India went up by 31 per cent to US$27.5 billion last year, notwithstanding uncertain economic environment globally.

FDI inflows in 2010 totalled US$21 billion. The sectors that attracted maximum FDI last year 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, the US, the UK, the Netherlands, Japan, Germany and the UAE are the major investors in India. During April-December, FDI moved up 51 per cent to US$24.18 billion, from US$16.03 billion in the same period of the previous year. FDI inflows totalled US$19.42 billion in 2010-11 financial year, down from US$25.83 billion in 2009-10.