India's Largest Database on New Projects
June FDI shoots up 310%
9 August 2011: FDI in India saw a whopping 310% increase in June to $5.65 billion (approx Rs 25,142.5 crore), 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 (approx Rs 20,737 crore), a jump of 111% vis-a-vis the same period last year. The flows indicate the trend of high FDI equity inflows since the beginning of FY12 is maintained. During January 2011-June 2011, FDI increased by 57% year-on-year to $16.83 billion (approx Rs 7489.3 crore).
Source: Business standard