FDI to cross $10 bn in '06-07, says NathOur Economy Bureau / New Delhi April 20, 2006Foreign direct investment in the country is expected to cross $10 billion during 2006-07, according to Commerce and Industry Minister Kamal Nath.Releasing a compendium of the FDI policy today, Nath said FDI inflow during 2005-06 had touched $7.5 billion, of which $4.8 billion was the equity component and $2.7 billion comprised reinvested earnings. This was 50 per cent higher than that in the previous year. India received $5.3 billion as FDI during 2004-05, of which $3.2 billion was as equity and $2.1 billion was in the form of reinvested earnings.Expressing confidence that the growth trend in FDI inflow would continue in the current fiscal, the minister said,
