Services attract highest FDI at $3.12 b

Services, which contribute the largest chunk to the country’s gross domestic product (GDP), attracted 22 per cent of the total Foreign Direct Investment (FDI) inflows of $17.64 billion in the April-October period of the current fiscal, official data shows.

The maximum FDI inflow into the country in the first seven months of financial year was from Mauritius at $7.55 billion. It was followed by the US and Singapore.

Telecommunications followed the services sector, attracting $2.10 billion FDI. Real estate and housing with $2.05 billion worth of inflows was the third best choice of the foreign investors.

Overall FDI during April-November declined to $19.38 billion from $19.79 in the same period last year.

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