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Friday, Sep 20, 2019

FDI flows to India up, fund outflows concern: Pranab

Flows of foreign direct investment to India are better than last year, finance minister Pranab Mukherjee said on Friday, but warned outflows of portfolio investments were a matter of concern.

business Updated: Dec 02, 2011 10:41 IST

Reuters
         

Flows of foreign direct investment to India are better than last year, finance minister Pranab Mukherjee said on Friday, but warned outflows of portfolio investments were a matter of concern.

Mukherjee said the government's move to allow foreign investment in supermarkets was needed to keep India's growth rate high.

First Published: Dec 02, 2011 10:39 IST