India's FDI inflows dip 34 per cent in 2012
India has attracted foreign direct investment (FDI) of USD 22.78 billion in 2012, a decline of 34 percent over the previous year due to global economic uncertainties. India had attracted FDI of USD 34.62 billion in 2011, according to the Department of Industrial Policy and Promotion data. The dip in foreign direct investment (FDI) inflows is mainly due to uncertainties in the global economy, an official said. However, the official said that liberalisation of FDI policy in various sectors such as retail and civil aviation is expected to boost inflows in the coming months.