India receives record $20 bn foreign capital in 2007-08

By IANS

New Delhi : India has received foreign direct investment (FDI) of $20.1 billion during the first 11 months of 2007-08, the maximum so far in any year, said a Commerce and Industry Ministry statement.

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Foreign equity received in February this year were to the tune of $5.67 billion, exceeding the inflows received in any single year since 1991, the exception being 2006-07.

In February, the FDI inflows were 712 percent higher than the same month last year, the statement said.

The inflows during April 2007-February 2008 were $20.13 billion, an increase of 70 percent as against the same period last year when the FDI inflows were recorded to be $11.88 billion.