FDI inflows up 92% in January

New Delhi: India received $2 billion foreign direct investment in January 2012, registering a 92 per cent rise, compared to $1.04 billion a year ago. The cumulative inflows for the April 2011-January 2012 period stood at $26.19 billion, according to an official release. Sectors which received FDI inflows during the 10-month period this fiscal are: services ($4.83 billion), pharmaceuticals ($3.20 billion), telecommunication ($1.99 billion), construction ($2.23 billion), power ($1.56 billion) and metallurgical industries ($1.65 billion). Mauritius remain the top source of inflows ($8.91 billion), followed by Singapore ($4.30 billion), Japan ($2.75 billion), UK ($2.75 billion), Germany ($1.46 billion), the Netherlands ($1.16 billion) and Cyprus ($1.31 billion). FDI inflows into India totalled $19.42 billion in 2010-11 financial year, down from $25.83 billion in 2009-10.