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Foreign Direct Investment increases 30% to USD 21.62 billion in first half of year 2016-17

NEW DELHI: Foreign direct investment (FDI) raised by 30 percent to USD 21.62 billion in the first half of year 2016-17.

The reports revealed that India gets FDI worth USD 16.63 billion in month of April-September in year 2015-16.

“Ease of doing business and relaxation in the FDI policy are helping attract more and more FDI. The recent easing in sectors like civil aviation and construction will help in attracting more overseas funds,” the official said.

The highest influx of FDI was seen in areas including computer hardware and software, trading business, automobile industry and chemicals.

India obtained highest FDI from countries, including Mauritius, Singapore, the Netherlands and Japan, reports said.

In the last year fiscal, FDI raised by 29 per cent to USD 40 billion in India.

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