India’s September FDI Inflows Fall 54%: Commerce Minister

(RTTNews) - India’s Commerce and Industry Minister, Anand Sharma said that the Foreign Direct Investment (FDI) inflows for the month of September fell 54% on year to $1.16 billion. Last year, in September India received FDI inflows of about $2.5 billion.

Sharma, while addressing the Economic Editor’s conference at New Delhi said that the country received FDI inflows of $15.3 billion in the first half of the current fiscal. The inflows during April-September 2008-09 was $17.2 billion.

The government set a target to attract $35 billion in the fiscal 2009 but was able to get only $27.30 billion because of the global economic crisis. The inflows began to fall since October 2008 and the monthly data of the inflows remained dull till June.

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