Foreign Direct Investment (FDI) in India
surged by 41 per cent to $22.5 billion during the January-September period this year, notwithstanding uncertain global economic environment.
During January-September 2010, the country had attracted Foreign Direct Investment (FDI) worth $15.97 billion.
Experts maintained that the government should
further streamline policies and make the environment more conducive to FDI.
The sectors that attracted maximum FDI during the nine-month period include services (financial and non-financial), telecom, housing and real estate, and construction and power, according to the industry ministry's latest data.
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The FDI inflows totalled $19.42 billion in 2010-11 financial year, down from $25.83 billion in 2009-10.
Recently, the government further liberalised the FDI regime, allowing overseas investment in bee-keeping and share-pledging for raising external debt.
Besides, the conditions for FDI in construction of old-age homes and educational institutions have been eased.
These will not be subject to the minimum and built-up area, capitalisation and lock-in period norms as applicable for the construction activities.
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