India's FDI surges to $ 20.76 bn in 2011 despite global economic slowdown

[Varad]

India's FDI surges to $ 20.76 bn in 2011 despite global economic slowdown

NEW DELHI (Commodity Online): Even in the midst of global economic slowdown, foreign direct investments in India has climbed 50% to a whopping $ 20.76 billion during the first eight months of 2011, according to the data available from the Industry Ministry.


Earlier, government had relaxed the FDI rules allowing overseas investments in the country. The major sectors which attracted maximum FDI are tele-com, housing and real estate, construction and power.


The government had also eased the rules for FDI in construction of old age homes and educational institutions and these are not applicable to any lock in period norms.


In 2010-11, the FDI inflow was $19.42 billion.


The major investors are Mauritius, Singapore, the US, the UK, the Netherlands, Japan, Germany and the UAE.

http://www.commodityonline.com/market-movers/Indias-FDI-surges-to-$-2076-bn-in-2011-despite-global-economic-slowdown-October%2028,%202011%2017:40:00-3-4245-3-1.html

---------- Post added at 10:49 PM ---------- Previous post was at 10:48 PM ----------

Finally some good news amidst rising inflation. Hope it continues.

 

[Varad]

Another good news on the FDI front:

FDI in India to rise 66% to $80 bn in two years: Morgan Stanley - Indian Express

Hopefully DMIC project will attract more capital fdi.

 

[karan.1970]

Would be nice to see Riaz's spin on this..

 

[Varad]

Would be nice to see Riaz's spin on this..

Although i am posting after quite some time here, but i distinctly remember him. He had a thread about collapse of Indian
economy in 2011.. At the end the mods put him out of his misery by closing that thread , otherwise Indians were
having a great time.