BUSINESS

India gets $1.36 bn FDI in Dec 08

Source:PTI
February 13, 2009 17:13 IST

India has received $1.36 billion of foreign direct investment in December 2008, a senior commerce ministry official said in New Delhi on Friday.

The foreign direct investment during the nine-month April-December period stood at $21.2 billion, the official added.

The inflow in December 2008 is lower compared to $1.55 billion FDI the country received in the same month in the previous fiscal.

The country has set a target of $35 billion for FDI in the current fiscal.

Commerce and industry minister Kamal Nath said on Thursday that the country would be able to receive $30 billion inflows only in the current financial year.

"We will be able to go to $30 billion," Nath had told reporters in New Delhi on the sidelines of a function.

Source: PTI
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