<p>Foreign investment flow into the country jumped 11 percent last year over that in the previous fiscal. <br /><br />However, the financial crisis that gripped the global economy in the second half of last fiscal has hit the investment flow worldwide.<br /><br />The Indian economy, which also took a huge hit in the wake of the global crisis, is now picking up growth momentum, restoring confidence in investors, Sharma told reporters. <br />The country’s gross domestic product (GDP) expanded 7.9 percent in the second quarter this fiscal, up from 6.1 percent in the first quarter. <br />FDI into country increased by over 56 per cent to US$2.3 billion in October, despite the persisting global financial <br />crisis.</p>
<p>Foreign investment flow into the country jumped 11 percent last year over that in the previous fiscal. <br /><br />However, the financial crisis that gripped the global economy in the second half of last fiscal has hit the investment flow worldwide.<br /><br />The Indian economy, which also took a huge hit in the wake of the global crisis, is now picking up growth momentum, restoring confidence in investors, Sharma told reporters. <br />The country’s gross domestic product (GDP) expanded 7.9 percent in the second quarter this fiscal, up from 6.1 percent in the first quarter. <br />FDI into country increased by over 56 per cent to US$2.3 billion in October, despite the persisting global financial <br />crisis.</p>