Foreign direct investment rises 40.37 percent in August
October 13th, 2009 - 2:58 pm ICT by IANS ( Leave a comment )Mumbai, Oct 13 (IANS) Despite a slowdown in the economy, India saw an impressive 40.37 percent jump in the flow of foreign direct investment (FDI) into the country in August over the same month last fiscal, latest data released by the central bank Tuesday showed.
FDI inflow, which includes equity, project approvals by the government and the Reserve Bank of India, as well as reinvested earnings, was $3.27 billion in August compared to $2.33 billion in the like month last fiscal.
Portfolio investments including capital generation through global depository receipts and foreign institutional investments grew 56.15 percent to $926 million during August from $593 million in the corresponding month last fiscal.
However, FDI inflows during April-August this fiscal shrunk 3.43 percent to $14.14 billion from $14.65 billion in the corresponding period last year.
The first five months of this fiscal saw portfolio investments inflow at $11.27 billion, while during the like period last fiscal, the country registered an outflow of $4.07 billion.
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Tags: bank of india, capital generation, earnings, economy, equity project, fdi inflows, five months, foreign direct investment, global depository receipts, inflow, institutional investments, mumbai, outflow, portfolio investments, project approvals, reserve bank of india, slowdown
