30 % rise in FDI in India during April-Sep

India again proved to be an attractive investment option by attracting FDI funds indicating bullishness in the economy as perceived by foreign investors.Various initiatives including ease of doing business and relaxation in the FDI policy is touted to have helped attract more FDI funds.

For the first half of 2016-17 the Foreign direct investment (FDI) into the country grew by over 30 per cent to $ 21.62 bn.  Similar period previous year attracted $ 16.63 billion.

Computer hardware and software remained top sector to attract FDI funds along with trading business, automobile industry and chemicals. Interestingly maximum funds received were from countries including Mauritius, Singapore, the Netherlands and Japan. FDI investments in an emerging country like India is considered one of the major parameters to gauge an economy's performance and confidence of foreign investors in the economy. Various reports highlight India’s need for $1 trillion to develop its infrastructure to put the economy on higher growth trajectory.