Foreign direct investment (FDI) into India rose to a four-month high of $3.85 billion in May 2015, up 7 per cent compared to the same month of last year, official data showed.In May 2014, FDI stood at $3.60 billion. India received FDI of $3.60 billion in April 2015.
The FDI figures for May 2015 are the highest since January 2015, when foreign equity investment was at $4.48 billion.During April-May period of this fiscal year, FDI in the country grew 40 per cent to $7.45 billion as compared to $5.30 billion in the same period last year.
Amongst the top ten sectors, computer software and hardware received the maximum FDI of $2.27 billion during the two months, followed by automobile ($1 billion), trading ($664 million), services ($488 million) and power ($155 million).During the period, India received the maximum FDI from Singapore ($2.9 billion), followed by Mauritius ($1.68 billion), the Netherlands ($587 million) and the US ($552 million).
During financial year 2014-15, foreign fund inflows grew at 27 per cent year-on-year to $30.93 billion as against $24.29 billion in 2013-14.The government has relaxed FDI norms in various sectors including insurance, railways and medical devices to boost FDI in the country.
