India witness 45% surge in FDI to $29.79 billion in April-Sept
The FDI inflows lead to higher investments and job creation in the economy along with better technology.
India witness 45% surge in FDI to $29.79 billion in April-Sept
The Foreign Direct Investment (FDI) has witnessed tremendous growth of 45 percent to over 29 billion dollars in April to September this year as compared to the same period last year. According to the Department for Promotion of Industry and Internal Trade (DPIIT), the main sectors of the economy that benefited from the FDI include services, computer software and hardware, telecom, automobile, pharmaceuticals, and chemicals.
The FDI inflows lead to higher investments and job creation in the economy along with better technology. The FDI inflows for the second quarter from July to September also surged by 43 percent to 13.6 billion dollars during the current financial year compared to the same quarter last financial year.
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