FDI into India rockets to $5.65 billion in June

Foreign direct investment (FDI) into India saw a whopping 310 per cent increase in June to $5.65 billion, the highest monthly inflow in the last 11 financial years, indicating the revival of investor confidence in the Indian economy.

In June, 2010, FDI inflows into the country amounted to $1.38 billion.

FDI flows were also very high in May, 2011, with the country receiving foreign investment worth $4.66 billion, a jump of 111 per cent vis-a-vis the same period last year.

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In the April-June period of the current fiscal, FDI went up by a massive 133 per cent to $13.44 billion from $5.77 billion in the corresponding period last year.

"The figures indicate that the trend of high FDI equity inflows since the beginning of the present financial year is being maintained," a statement from the Commerce and Industry Ministry said on Monday.

During the first six months of the 2011 calendar year, FDI increased by 57 per cent year-on-year to $16.83 billion, it said.

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In the previous fiscal, equity inflows through the FDI route dipped 25 per cent amid the uncertain global situation following the recession of 2008.

In 2010-11, FDI into India declined to $19.43 billion from $25.6 billion in 2009-10. In 2008-09, FDI stood at $27.3 billion.