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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
New Delhi,foreign direct investment,India

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