By NNN-PTI,
New Delhi : India received foreign direct investment of 2.56 billion dollars in September this year, showing an increase of 259 per cent over the FDI inflows in the same month in 2007-08, despite the global credit squeeze.
The cumulative FDI of 17.21 billion dollars during the April-September period also showed an impressive growth rate of 137 per cent against 7.25 billion dollars in the first half of the previous fiscal.
“Despite troubles in the world economy, India continued to attract FDIs and the target of 35 billion dollars for 2008-09 fiscal would be achieved,” Commerce and Industry Kamal Nath said.
During the first five months of the current fiscal, the country received maximum FDI from Mauritius (5.27 billion dollars), followed by Singapore (1.72 billion dollars), the US (1.15 billion dollars) and the Netherlands (580 million dollars).
The manufacturing sector received 5 billion dollars during the April-August period, showing a rise of 41 per cent over inflows in the year-ago period.
The other sectors attracting FDI inflows during the period were services (2.34 billion dollars), followed by construction activities (1.64 billion dollars), housing and real estate (1.62 billion dollars) and computer hardware and software (1.36 billions).