FDI rises 13% to $16.63 bn in first half of FY16

New Delhi, December 1

Foreign direct investment (FDI) in the country grew by 13 per cent to $16.63 billion during the April-September period of the current fiscal. The foreign investment was $14.69 billion during April-September 2014, according to the latest figures of the Department of Industrial Policy and Promotion (DIPP).

During the fist half of the financial year, India received maximum FDI of $6.69 billion from Singapore followed by Mauritius ($3.66 billion), the Netherlands ($1.09 billion) and Japan ($815 million).

Sectors which attracted highest foreign investment in the period includes computer software and hardware ($3.05 billion), trading ($2.30 billion), services and automobile ($1.46 billion each) and telecommunications ($659 million).

During financial year 2014-15, foreign fund inflows grew at 27 per cent to $30.93 billion as against $24.29 billion in 2013-14.

The government has relaxed FDI norms in as many as 15 sectors to boost FDI in the country. — PTI