JOIN US Foreign direct investment (FDI) flows to India surged by about 34 per cent to $1.92 billion in June, according to the official data. In June 2013, the country had received FDI worth $1.44 billion.
During April-June in this fiscal, the foreign inflows recorded a growth of 34 per cent. FDI was at $7.23 billion in April-June, 2014-15 compared to $5.39 billion in April-June 2013-14, the data by Department of Industrial Policy and Promotion showed. In May, the FDI figure ($3.60 billion) was the highest since September 2013 when the country received foreign investment of $4.13 billion.
Amongst the top 10 sectors, telecommunications received the maximum FDI in the first quarter of the current fiscal at $2 billion followed by services ($738 million), pharmaceuticals ($680 million) and construction ($281 million).
During the period, India received maximum FDI from Mauritius at $2.61 billion, followed by Singapore ($1.18 billion), the UK ($567 million), Japan ($695 million) and the US ($249 million).