FDI dips 40% in March to $ 2.11 bn; lowest in 4 mths
Foreign direct investment (FDI) in India declined by 40 per cent year-on-year to $2.11 billion in March 2015, the lowest in the last four months of 2014-15 fiscal. Previously, in November 2014 the FDI was the lowest at $1.53 billion.
FDI in India was at $3.53 billion in March 2014. However, during the 2014-15 financial year, foreign fund inflows grew 27 <g data-gr-id="11">per cent</g>, year-on-year, to $30.93 billion as against $24.29 billion in 2013-14, according to the data of Department of Industrial Policy and Promotion (DIPP).
Amongst the top 10 sectors, services received the maximum FDI of $3.25 billion in 2014-15, followed by telecommunication ($2.89 billion), automobiles ($2.57 billion), computer software and hardware ($2.20 billion) and pharmaceuticals ($1.52 billion). During the entire financial year, India received the maximum FDI from Mauritius ($9.03 bn).