Foreign Direct Investment Rises Further

Services, telecom, housing, construction activities, real estate, electrical equipment and computer software and hardware continued to attract increased Foreign Direct Investment into India.  According to India’s Reserve Bank, which is an arm of the government, FDI inflows during April-June 2008  crossed US$ 10.07 billion,  11 percent higher than the same period last year.

For the fiscal year ending March 2009, FDI may cross $40 billion at this rate