NEW DELHI (Reuters) - Foreign direct investment (FDI) inflows into India rose an annual 25 percent in April to $2.32 billion, the highest in the calendar year, a government statement said on Wednesday.
The data is a rare piece of good news for Asia's third largest economy, which has seen the rupee plunge to record lows and economic growth slowing to its worst pace in a decade.
The government plans to relax foreign investment limits in sectors such as defence, telecommunications and commodity exchanges later this month, as part of its efforts to finance a widening current account deficit and revive investment.
In the first four months of 2013, FDI inflows touched $7.8 billion, up one percent from a year ago, a statement from the Ministry of Commerce and Industry said.
(Reporting by Manoj Kumar; editing by Matthias Williams)
