India receives US$ 2.34 billion FDI in April 2009
The foreign direct investment (FDI) inflows in April 2009 stood at US$ 2.34 billion, compared with US$ 1.96 billion in March 2009, registering a growth of 19.3 per cent. This signals confidence in India’s economy by foreign investors amid the global financial crisis.
In the last fiscal, India attracted a total of US$ 27.30 billion FDI—due to robust trends in the first six months of 2008-09—as against US$ 24.5 billion in 2007-08. Further, cumulative FDI from April 2000 to March 2009 stands close to about US$ 90 billion.
Experts believe that the foreign investment inflow is expected to improve further with the revival of the domestic stock markets.
Source:IBEF
This is great news. Not many people are taking not of this progress. This robust inflow of FDI is reflective of the confidence that foreigners have in India
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