The Union government is confident of foreign
direct investment into India crossing $5 billion this fiscal year.
In the first four months (April to July) of
2005-06, FDI inflows touched $1.6 billion, some 40 per cent more than those in
the same period of 2004-05. In July 2005, the year-on-year growth in FDI inflows
was well over 80 per cent.
During 2004-05, India received $3.73 billion as
FDI inflows. If the said target is achieved this year, it would be the first
time that FDI inflows into India would have breached the $5 billion mark.
The highest FDI inflows that India has received
in any year so far is $4.74 billion in 2000-01.
|
FDI Inflows |
| |
$ billion |
| 1997-98 |
4.41 |
| 1998-99 |
3.54 |
| 1999-00 |
3.60 |
| 2000-01 |
4.74 |
| 2001-02 |
4.69 |
| 2002-03 |
3.73 |
| 2003-04 |
3.57 |
| 2004-05 |
3.73 |
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