FDI rises by 50% at nearly $20 bn during Jan-Aug



Despite the uncertain economic environment globally, Foreign Direct Investment, FDI, in the country rose by 50 per cent to 20.76 billion US dollars from January-August this year. FDI was 13.85 billion US dollars during the same period last year.

The industry ministry's latest data showed services, telecom, housing and real estate; construction and power sectors are among those sectors that attracted maximum FDI during the first eight months this year.

FDI inflows into India totaled 19.42 billion US dollars in 2010-11 financial year.Mauritius, Singapore, the US, the UK, the Netherlands, Japan, Germany and the UAE, among other countries, are the major investors in India.

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