FDI may cross $7bn in FY06

The government is expecting foreign direct investment (FDI) into India to cross the $7 billion mark in 2005-06.

"It will cross $7 billion," Ajay Dua, secretary of the department of industrial policy and promotion (DIPP), said today.

The inflows as of November 2005 stood at $3.3 billion. The figures for December 2005 are being computed, Dua added.