FDI in­flows Rise 37% to $39.32b in 2015

The Economic Times - - Economy -

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.

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