FDI inflows down by 49% in the month of July
It has been informed that the inflow from the Foreign Direct Investment has gone down by 49% in the month of July this year. The FDI inflow was recorded $ 3.51 billion in the year of 2009.
As per the market experts, the volatile markets in various overseas markets have affected the inflow of the fund.
The major economies of the world have not able to recover from the crisis completely and the investors are in doubt of the movement of the market.
Hence the inflow of the country has been affected seriously in the second consecutive month. The foreign direct investment into the country has gone down by 49% in the month of July. It was recorded at $ 1.78 billion for the same month.
However, the domestic market has seen some exciting growth during this period of time. The domestic export has gone up in this month as a result of an economic recovery. For the third quarter of the ongoing fiscal year, the FDI inflows into India has gone down by 27% and was recorded v against $ 10.53 billion for its corresponding quarter in the previous fiscal.