November FDI inflows up 54.8& to $1.64 billion

Foreign direct investment (FDI) inflows into India rose 54.8 per cent in November to $1.64 billion compared with $1.06 billion a year ago, a government statement said on Friday.

Total FDI inflows in the first eight months for the current fiscal year that ends in March were down 2 per cent from a year earlier at $15.46 billion, compared with $15.85 billion during the year-ago

period, the statement said.

With a struggling economy, that grew at its slowest pace in a decade last fiscal year due largely to a lack of corporate investment, India desperately needs to attract foreign investments to regain its growth momentum.

Source: REUTERS
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November FDI inflows up 54.8% to $1.64 billion

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