FDI inflows at record $5.65 bn for June

Foreign Direct Investment (FDI) into India saw a whopping increase in June to $5.65 billion, the highest monthly inflow in the last 11 financial years, indicating the revival of investor confidence in the Indian economy. FDI flows were also very high in May 2011, with the country receiving foreign investment worth $4.66 billion.

In June 2010, FDI inflows into the country amounted to $1.38 billion.

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In the April-June period of the current financial year, FDI went up massively to $13.44 billion from $5.77 billion in the corresponding period last year.

"The figures indicate that the trend of high FDI equity inflows, since the beginning of the present financial year, is being maintained," a statement from the Commerce and Industry Ministry said on Monday.

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During the first six months of the 2011 calendar year, FDI increased 57 per cent year-on-year to $16.83 billion, it said.

In the previous year, equity inflows through the FDI route dipped 25 per cent amid the uncertain global situation following the recession of 2008.

In 2010-11, FDI into India declined to $19.43 billion from $25.6 billion in 2009-10. In 2008-09, FDI stood at $27.3 billion.