FDI jumps 37% to $10.4 billion during April to June this year

Posted on:22 Aug 2017 12:17:42
FDI jumps 37% to $10.4 billion during April to June this year
22 August 2017 Current Affairs: The Foreign direct investment (FDI) into the country grew by 37 percent to USD 10.4 billion during the first quarter of the current financial year.

According to the figures of the Department of Industrial Policy and Promotion (DIPP), India had received USD 7.59 billion FDI during April-June 2016-17.

The main sectors which attracted the highest foreign inflows include services, telecom, trading, computer hardware and software and automobile.

FDI is a major source of non-debt financial resource for the economic development of India.

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