High on the radar of global investors, India received 24.57 billion dollars of foreign direct investment (FDI) in 2007-08, prompting the world's second fastest growing economy to set an FDI target of 35 billion dollars for the current fiscal.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The FDI inflows in 2007-08 saw an increase of 56.50 per cent over 15.70 billion dollars in the previous year.</P>
</p><p class='TableClas'>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.</P>
</p><p class='TableClas'>"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.</P></p><p class='TableClas'></p></table>


India sets $35bn FDI target for FY09

Receives $24.57bn FDI in FY08

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