After dipping to eight-month low of $1.27 billion in August, the foreign direct investment (FDI) inflow in the country picked up during September 2014 to $2.45 billion.
1. It stood at $2.91 billion in the year-ago period. The government on Friday indicated that it will very soon open up the insurance sector “a little more” to foreign investment.
2. The sectors which received the maximum FDI during April-September period include services sector at $1.22 billion, telecom at $2.46 billion, drugs and pharma $1.09 billion and construction development $0.56 billion.
3. Defence, railways and construction sectors have already been further opened up for foreign investors.
4. The Centre has maintained that doing business in India will be improved to make the environment conducive for growth.
5. On Friday, finance minister Arun Jaitley said while the global economy is still patchy, India is bouncing back as a ‘preferred destination’ for investments. Several nations have shown interest in the Make in India initiative.
