INDIA ATTRACTED $2.34 BILLION FDI IN APRIL

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India attracted $2.34 billion foreign investments in April, a rise of 19.3% over the previous month, signaling confidence in the country’s economy by foreign investors amid the global financial slowdown. However, as compared to April last year, foreign direct investment (FDI) in the first month of the fiscal 2009-10 was much lower. “In April 2009, foreign inflows were $2.34 billion, about 19% higher than March,” an official said.

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