India received just $1 billion foreign direct investment in November as fund flow turned to a trickle - making the task of matching last year's receipts a challenge, much less achieve this year's $35 billion goal.
The FDI inflows of $19.7 billion between April-November have made it amply clear that the current year's target is far too ambitious to be achieved, given the recession in the US and several other developed economies - the source of cross-border investment.
After maintaining robust inflows till September - with a monthly range of $2.5-3 billion - FDI in October slipped to $1.4 billion and further to $1.08 in November, according to official figures.
While the foreign investment, other than the stock route remained lacklustre in the comparable period last year as well, it came like flash floods - $10 billion - in the last two months of the fiscal 2007-08. Last year's total FDI inflow was $24.5 billion.
However, no such thing seems likely this year because of the difficult global economic environment.
