FDI inflows into India jump 18% to record $46.4 bn in 2016 despite global fall
Data released by the DIPP shows FDI inflows in 2016 were strongest in October with $6.2 billion inflows followed by $5.1 billion in Septemberbusiness Updated: Feb 18, 2017 11:12 IST
Foreign direct investment (FDI) inflows into India in 2016 calendar year jumped 18% to a record $46.4 billion, at a time global FDI inflows fell.
Data released by the Department of Industrial Policy and Promotion (DIPP) showed FDI inflows in 2016 were strongest in October with $6.2 billion inflows followed by $5.1 billion in September.
Global flows of FDI fell 13% in 2016 to an estimated $1.52 trillion as global economic growth remained weak and world trade volumes posted anemic gains, according to the latest UNCTAD Global Investment Trends Monitor.
First Published: Feb 18, 2017 11:09 IST