In­dia's FDI in­flows dip 34 per cent in 2012

The Pak Banker - - COMPANIES/BOSS -

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.

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