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FDI inflow up 13.2% at $1.54 bn in Dec

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Press Trust of India New Delhi

The foreign direct investment (FDI) into the country jumped 13.2 per cent to $1.54 billion in December against $1.36 billion in December 2008, according to the latest RBI bulletin.

As per the RBI's February bulletin, the FDI equity inflows during April-December period of this fiscal was $21.5 billion, marginally up from $21.15 billion the previous fiscal.

This is the third consecutive month that FDI inflows have posted a healthy year-on-year jump.

In October, FDI grew by 56 per cent to $2.3 billion, while in November it surged by 60 per cent to $1.74 billion.

Though sector-wise FDI figures are not available, a government official said the services sector including, financial and non-financial segments, followed by telecom, realty and housing are the favourate destinations for foreign investors.

 

To provide greater clarity to overseas investors, the government has released a compendium of all FDI-related 177 Press Notes for comments from public. It also said FDI rules would be reviewed twice a year from the next fiscal.

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First Published: Feb 10 2010 | 8:33 PM IST

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