India FDI doubles to $4.48 bn in Jan |
Foreign direct investment (FDI) in India more than doubled to $4.48 billion in January 2015 versus the same month last year and is also the highest inflow in last 29 months. Amongst the top 10 sectors, telecom received the maximum FDI of USD 2.83 billion in the 10-month period, followed by services ($2.64 billion), automobiles ($2.04 billion), computer software and hardware ($1.30 billion) and pharmaceuticals ($1.25 billion). During the period (April-January), India received the maximum FDI from Mauritius at $7.66 billion, followed by Singapore ($5.26 billion), the Netherlands ($3.13 billion), Japan ($1.61 billion) and the US ($1.58 billion). The government is taking steps to boost FDI in the country. It has relaxed FDI norms in sectors including insurance, railways and medical devices.
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