November FDI inflows up 54.8 percent to $1.64 billion - Reuters India

NEW DELHI Fri Jan 31, 2014 12:14pm IST

NEW DELHI (Reuters) - Foreign direct investment (FDI) inflows into India rose 54.8 percent in November to $1.64 billion compared with $1.06 billion a year ago, a government statement said on Friday.

Total FDI inflows in the first eight months for the current fiscal year that ends in March were down 2 percent from a year earlier at $15.46 billion, compared with $15.85 billion during the year-ago period, the statement said.

With a struggling economy, that grew at its slowest pace in a decade last fiscal year due largely to a lack of corporate investment, India desperately needs to attract foreign investments to regain its growth momentum.

via Business - Google News http://ift.tt/1ifXLRI

Put the internet to work for you.

via Personal Recipe 2910127