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FDI inflow rises to $42 bn in Apr-Feb, says RBI
12
Apr '16
Foreign direct investment in India rose to $42 billion during April-February in 2015-16, up by 27.45 per cent from the inflows in the corresponding period of the previous fiscal, the Reserve Bank of India said today.

The inflows were $32.96 billion during April-February 2014-15.

According to the data, FDI in February was $3.2 billion, down from $5.14 billion in January. The foreign direct inflows were $3.48 billion in February 2015.

The net FDI (minus FDI outflow) was $34.04 billion during April-February as against $29.66 billion in the corresponding period of the last fiscal.

According to the Finance Ministry, 98 per cent of foreign direct investment is coming into India through the automatic route and as a "positive sign" the number of applications being routed via the FIPB approval route has started declining.

The government has been liberalising the FDI regime and has brought a number of sectors under the automatic route.

Among key sectors where FDI norms have been liberalised are insurance, railways, defence, and e-commerce. (SH)

Fibre2Fashion News Desk – India

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