FDI inflows Rise 37% to $39.32b in 2015
Foreign direct investment (FDI) increased by 37% to $39.32 billion during 2015. The foreign investment inflows stood at $28.78 billion in 2014, according to data by the Department of Industrial Policy and Promotion. Computer hardware and software sector attracted the highest FDI, followed by services, trading business, automobile industry and chemicals. Singapore emerged as the biggest FDI source, followed by Mauritius, US, the Netherlands and Japan. The government has taken several steps to promote investments through a liberal FDI policy. It has relaxed norms in several sectors, including single brand retail, e-commerce & construction.