April-August FDI inflows grow by 124 pc
The foreign direct investment (FDI) inflows in country have grown by 124 per cent in the April-August period as compared to the same period of last month. It touched the 14.6 billion by the April-August period. It vindicates the good economic health of country despite the ill health of global financial system.
The union commerce minister, Kamal Nath said that India is still a good investment destination for the world. He advised the investors not to fear as the government is closely watching the situations and would take appropriate steps ensure safety of investors.
The minister said that manufacturing sector witnessed a significant rise of 41 per cent for FDI flow after slowdown of a long time. The government with the help of RBI is taking various steps to control the inflation rate in the country. It is easing and would soon become moderate.