FDI inflows into India declined from $31.5 billion in 2011 to $27.3 billion in 2012, Unctad said in a report on global investment trends, which it released on Thursday.
The report, however, added that India’s prospects in attracting more FDI were higher because of its attempts to open certain sectors for trade.
In September 2012, India had allowed up to 51 per cent FDI in multi-brand retailing subject to states’ approvals, and raised the FDI cap on single- brand retail to 100 per cent.
Similarly, it liberalised FDI in aviation and power trading exchanges, the report noted.
The report also showed that for the first time in history, FDI inflows to developing countries were higher than those into developed countries by $ 130
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