FDI up 40 pc to $29.44b in April-December FY16

The Economic Survey for this year begins by asserting that amidst the gloomy landscape, India stands out as a haven of stability and an outpost of opportunity and it seems that foreign investors also believe so.The Foreign direct investment (FDI) into the country increased by 40 per cent to $29.44 billion during April-December in the current fiscal. The foreign investment inflows were at $21.04 billion in the same period of previous fiscal.
For the full calendar year 2015, FDI into India was up 37 per cent on year to $39.3 billion, according to data posted on the website of department of industrial policy and promotion (DIPP). Government has taken several steps to promote investments through a liberal FDI policy.

Extra info:

  • – As per the Survey  FDI in the first 9 months of this financial year stood at $27.7   billion against $21.9 billion in the same period last year.
  • – In the last financial year, maximum FDI came through Mauritius while in 2013-14 companies based out of Singapore were the largest investors

So lets do:
What you understand by department of industrial policy and promotion (DIPP)?
How much FDI Rise in ( month of Financial year 2016?

Source – Daily pioneer


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