New Delhi: Foreign direct investment (FDI) into India registered a growth of 24.2 per cent year-on-year to touch US$ 3.95 billion in April-May 2013 as compared to US$ 3.18 billion during the same period last year, according to data released by the Department of Industrial Policy and Promotion (DIPP).
FDI inflows impact positively by supplementing domestic capital, technology and skills to the existing companies as well as through establishment of new companies, said Mr Anand Sharma, Union Minister for Commerce and Industry, Government of India.
During 2012-13, India attracted FDI worth US$ 22.42 billion. Hotels and tourism, pharmaceuticals, services, chemicals and construction received the highest amount of FDI. The major contributors to the Indian FDI were Singapore, Mauritius, the Netherlands and the US.
The Government of India has liberalised the FDI regime in about a dozen sectors, including telecom, power etc and have also relaxed investment norms in multi-brand retailing.
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