Trade Minister says FDI flows to cross $35 billion

The trade minister Kamal Nath on Monday said that foreign direct investment or FDI, in India will be in excess of $35 billion in the current financial year that ends in March despite the global economic melt down. Last week, Nath had said that FDI's in India rose 124 percent to $14.6 billion in the April-August period. The Trade Minister also said that India expects exports to grow by 30 percent this month, in line with the growth so far in the 2008/09 financial year.