Foreign capital outgo exceeds FDI inflows in the mining sector

The flight of foreign capital in mining sector has outweighed the inbound FDI (Foreign Direct Investment) flows. 

Though FDI is permitted in the  mining sector since February 2000, its flow has been intermittent over the last few years. From $592  million in 2010-11, FDI in mining has subsided by more than half to $247 million at the end of 2018-19. 

Predicating its findings on FDI inflow figures of  the Reserve Bank of India (RBI) and outflow data collated by Cassels & Graydon LLP and EY, the Federation of Indian Mineral Industries (Fimi) in its study titled 'Indian Mining: A Synopsis'  noted that