FDI increased 8% in June to USD 2.58 billion

India has attracted foreign direct investment worth $2.58 billion in June, an eight per cent increase over the same month last year, a senior official said on Wednesday.

India has attracted foreign direct investment worth USD 2.58 billion in June, an eight per cent increase over the same month last year, a senior official said on Wednesday.

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"The FDI is rising. In June, it was eight per cent more (than the same month last year)," Secretary Department of Industrial Policy and Promotion Ajay Shankar told reporters in New Delhi.

In June 2008, the FDI inflow was USD 2.39 billion.

However, the total foreign investment inflows during April-June contracted by over 30 per cent to USD 7.02 billion over the same quarter of 2008-09. In the first quarter of the previous fiscal it was USD 10.07 billion.

The FDI inflow in May was USD 2.1 billion.