FDI ZOOMS TO $31 B IN 10TH FIVE-YEAR PLAN

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The country received foreign direct investment (FDI) of $30.80 billion during the 10th five-year plan (2002-07), almost double of FDI worth $16.33 billion received during the ninth plan period (1997-2002). In terms of average FDI inflow each year, the amount doubled to $6.16 billion during the 10th plan as against $3.2 billion during the ninth plan period. For the first nine months of the current fiscal (April-Dec ‘07), the country attracted total FDI of $4.095 billion.

According to the information provided by the minister of state for industry Ashwani Kumar in a written reply to the Lok Sabha, the top five sectors attracting FDI during April 2000 to December 2007 include the services sector, computer software & hardware, telecommunications, construction activities and automobile industry.

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