June data shows turnaround in FDI

New Delhi, Aug 19 (PTI) India witnessed a turnaround in
foreign direct investment in June with 8 per cent increase in
inflows in the midst of the global economic woes.

FDI inflows in June aggregated USD 2.58 billion against
USD 2.39 billion in the same month in 2008-09.

This is for the first time since February that the
country has seen an expansion in overseas direct investment.

"From numbers going below USD 2 billion in February and
March, it is again rising," Secretary in the Department of
Industrial Policy and Promotion Ajay Shankar told reporters on
the sidelines of a CII event on piracy here.

The cumulative FDI inflows during April-June contracted by
over 30 per cent to USD 7.02 billion over the same quarter of
2008-09. In the first quarter of the previous fiscal it was
USD 10.07 billion.

India attracted FDI of USD 27.30 billion in 2008-09,
compared to USD 24.58 billion in the previous fiscal. PTI RR
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