India enjoys nearly 13% jump in FDI inflows in July
India enjoyed a nearly 13 per cent year-on-year rise in foreign direct investment (FDI) inflows in July this year, fresh government data released late on Tuesday revealed.
According to fresh stats by the Ministry of Commerce & Industry, FDI inflows into the country jumped 12.9 per cent, from $1.47 billion in July 2012 to $1.66 billion in July 2013. It was the highest monthly FDI inflow in three months.
FDI inflows in the first four months of the current financial year jumped 20 per cent from the corresponding period of the previous year to $7.05 billion.
In the January-August period of current financial year, FDI inflows reached $79.77 billion.
In the financial year ended March 2013, FDI inflows had slipped to $22.42 billion, from $35.12 billion in the previous twelve months.
China, the world's second largest economy, also released stats showing a 6.37 per cent year-on-year increase in FDI inflows in the first eight months of this year.