FDI falls 38% to $1.1 bn in July

After a jump for two consecutive months, India's foreign direct investment declined by 38% year-on-year in July to $1.1 billion, an official said on Friday.

After a jump for two consecutive months, India's foreign direct investment declined by 38% year-on-year in July to $1.1 billion, an official said on Friday.

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In July 2010, India attracted FDI worth $1.8 billion.

In June, inflows saw an annualised increase of 310% to a 11-year monthly record of $5.7 billion. In May as well, the inflows touched $4.7 billion showing an impressive 111% over the same month last year.

For the April-July period, FDI went up by 92% to $14.5 billion from $7.6 billion in the corresponding period last year as inflows were robust in the intial months, the official said.

For the first six months of the 2011 calendar year as well, FDI showed an increase of 57% to $16.8 billion.