India's April FDI inflow at $2.34 billion

India attracted US$2.34 billion of foreign investments in April, a rise of 19.3 per cent over the previous month, signalling confidence in the country’s economy by foreign investors amid the global financial crisis. However, as compared to April last year, foreign direct investment (FDI) in the first month of the fiscal 2009-10, was much lower.

“In April 2009, foreign inflows were US$2.34 billion, about 19 per cent higher than March,” an official told PTI.

The inflows in April and March last fiscal were US$3.74 billion and US$1.96 billion, respectively.

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