Rising curve for India's outward FDI to the US

A team of officials led by Director of ‘Invest in America’ Aaron Brickman made presentations to India’s industry bodies like Federation of Indian Chamber of Commerce & Industries  (Ficci) about the business prospects in the US economy, which is showing early signs of recovery. India’s FDI to the US was US$4.5 billion in 2008 and US$2.8 billion in the previous year. As the Indian firms became increasingly integrated with the global economy, the country’s total outflows rose from US$6.14 billion in 2005-06 to US$18.76 in 2008-09. As for the inward FDI, July this year witnessed a 56 per cent increase to US$3.51 billion from US$ 2.25 billion in the year-ago month.