India’s Foreign Direct Investment (FDI) was doubled to 2.16 Billion USD in December 2014 compared to 1.10 Billion USD in December 2013. In 2013-14 fiscal, India’s FDI stood at 24.29 billion dollars as against 22.42 billion dollars in 2012-13. The continuous inflow of foreign investments into the country helps in balancing the domestic salary structure and stabilizing the value of Indian currency.
The top sectors which received the maximum FDI are,
- Telecom Industry – 2.67 billion dollars
- Services – 2.29 billion dollars
- Automobile – 1.58 billion dollars
- Pharmaceuticals – 1.21 billion dollars
- Software – 971 million dollars
India received maximum FDI from,
- Mauritius – 5.89 billion dollars
- Singapore – 4.31 billion dollars
- Netherlands – 2.57 billion dollars
- United States – 1.48 billion dollars
- Japan – 1.42 billion dollars
The Union Government is taking many steps to boost FDI in India like relaxing FDI norms in railways, medical devices and insurance sector.