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FDI into India rose 63% in February, Year over Year

FDI into India rose 63% in February, Year over Year

The Hindu Business Line reports that according to data from the Department of Industrial Policy and Promotion, foreign direct investment in India jumped  63 percent to $3.28 billion in February, 2015. In February last year, the country had received FDI of $2.01 billion.

In the 11-month period from April 2014 -February 2015, services received the maximum FDI of $2.88 billion followed by telecommunications ($ 2.85 billion), automobiles ($ 2.42 billion), computer software and hardware ($2.04 billion) and pharmaceuticals ($1.30 billion).

During the period, India received the maximum FDI from Mauritius ($8.44 billion), followed by Singapore ($6.42 billion), the Netherlands ($3.29 billion), Japan ($1.72 billion) and the U.S. ($1.69 billion). The India Expert notes that the tiny island nation of Mauritius shows so highly on this list because it has a special investment tax treaty with India. Many American and other investments are routed via this island.

The robust inflow of foreign investments helped India’s balance of payments situation.

India is estimated to require around $1 trillion in investment over five years to overhaul its infrastructure sector, including ports, airports and highways.

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