The FDI inflows in 2007-08 saw an increase of 56.50 per cent over 15.70 billion dollars in the previous year.
India, which saw a GDP growth of 8.7 per cent in 2007-08, aims to more than double its FDI inflows between 2006-07 and end of the current financial year.
"India remains attractive investment destination and it will be a good parking lot for money. FDI inflows reflect growing confidence (of global investors) in India," Commerce and Industry Minister Kamal Nath said while releasing the FDI data today.