India’s July FDI inflows up 13% to three-month high

FDI inflows rise an annual 12.9% in July to $1.66 billion, according to a govt statement

New Delhi: Foreign direct investment (FDI) inflows into India rose an annual 12.9% in July to $1.66 billion, the government said in statement released late on Tuesday, the highest monthly inflow for three months.

FDI inflows were $1.47 billion in July last year.

For the first four months of the current fiscal year, FDI inflows were up 20% from a year earlier to $7.05 billion, the ministry of commerce and industry said in the statement.

FDI inflows had declined to $22.42 billion in the fiscal year ended March 2013, from $35.12 billion in the previous year

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Shah Mohammad Abdul Qadir

              PGDM-1