Foreign Direct Investment (FDI) into India saw a whopping 310% increase in June to $5.65 billion, the highest monthly inflow in the last 11 financial years, indicating the revival of investor confidence in the Indian economy.
In June, 2010, FDI inflows into the country amounted to $1.38 billion.
FDI flows were also very high in May, 2011, with the country receiving foreign investment worth $4.66 billion, a jump of 111% vis-a-vis the same period last year.
In the April-June period of the current fiscal, FDI went up by a massive 133% to $13.44 billion from $5.77 billion in the corresponding period last year.
"The figures indicate that the trend of high FDI equity inflows since the beginning of the present financial year is being maintained," a statement from the Commerce and Industry Ministry said today.
During the first six months of the 2011 calendar year, FDI increased by 57% year-on-year to $16.83 billion, it said.
In the previous fiscal, equity inflows through the FDI route dipped 25% amid the uncertain global situation following the recession of 2008.
In 2010-11, FDI into India declined to $19.43 billion from $25.6 billion in 2009-10. In 2008-09, FDI stood at $27.3 billion.
