FDI inflows rise 1.5% to $2.18 billion in January
21 March 2014 12:30 AM GMT
In January 2013, the FDI was at $2.15 billion.
However, for the April-January period, foreign investment inflows dipped 2 per cent to $18.74 billion from $19.1 billion during the corresponding period of the previous fiscal, it said.
During the 10-months of this financial year, the highest foreign direct investment came in services ($1.80 billion), followed by pharmaceuticals ($1.26 billion), automobiles ($1 billion) and construction development ($966 million). Mauritius led inflows into India with $4.11 billion of FDI during April-January, followed by Singapore ($3.67 billion), UK ($3.18 billion) and the Netherlands ($1.7 billion).
In December 2013, India received $1.1 billion of foreign inflows, unchanged from the level in the same month a year earlier. The country needs foreign investment to help regain its growth momentum. India’s economic growth slowed to a decade’s low of 4.5 per cent in 2012-13.
World gold close to 3-week low
London: Gold on Thursday traded near the lowest in almost three weeks as investors weighed the US Federal Reserve’s indication that it will raise interest rates next year. Gold fell 0.38 per cent to $1,325.50 an ounce, the lowest since February 28. Silver fell 1.2 per cent to $20.37 an ounce, the lowest since February 13. US policy makers cut monthly bond-buying by $10 billion, vowing to slow purchases in ‘further measured steps’.
However, for the April-January period, foreign investment inflows dipped 2 per cent to $18.74 billion from $19.1 billion during the corresponding period of the previous fiscal, it said.
During the 10-months of this financial year, the highest foreign direct investment came in services ($1.80 billion), followed by pharmaceuticals ($1.26 billion), automobiles ($1 billion) and construction development ($966 million). Mauritius led inflows into India with $4.11 billion of FDI during April-January, followed by Singapore ($3.67 billion), UK ($3.18 billion) and the Netherlands ($1.7 billion).
In December 2013, India received $1.1 billion of foreign inflows, unchanged from the level in the same month a year earlier. The country needs foreign investment to help regain its growth momentum. India’s economic growth slowed to a decade’s low of 4.5 per cent in 2012-13.
World gold close to 3-week low
London: Gold on Thursday traded near the lowest in almost three weeks as investors weighed the US Federal Reserve’s indication that it will raise interest rates next year. Gold fell 0.38 per cent to $1,325.50 an ounce, the lowest since February 28. Silver fell 1.2 per cent to $20.37 an ounce, the lowest since February 13. US policy makers cut monthly bond-buying by $10 billion, vowing to slow purchases in ‘further measured steps’.
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