Big dip in foreign direct investment

The global slowdown, including the eurozone debt crisis and the poor economic growth in the U.S., has adversely impacted the flow of foreign funds into India with FDI into the country witnessing a dip of over 50 per cent to $1.16 billion in October for the second consecutive month. The country, already reaching under the import of FDI in multi-brand retail being put on hold, received $2.33 billion overseas investment in the same month last year. In September, the inflows were $ 1.76 billion, down by 16.5 per cent year-on-year. However, during April-October, FDI went up by 50.3 per cent to $ 20.8 billion from $13.84 billion in the year-ago period, as inflows were robust in the initial months.

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