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BW Businessworld

July FDI Inflows Up 13 Per Cent To 3-Month High

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Foreign direct investment inflows into India rose an annual 12.9 per cent in July to $1.66 billion, the government said in statement released late on Tuesday, the highest monthly inflow for three months. FDI inflows were $1.47 billion in July last year.
For the first four months of the current fiscal year, FDI inflows were up 20 per cent from a year earlier to $7.05 billion, the Ministry of Commerce and Industry said in the statement.
FDI inflows had declined to $22.42 billion in the fiscal year ended March 2013, from $35.12 billion in the previous year.