The foreign direct investment in India was just $1 bn in November. During April-November the FDI inflows of $19.7 bn have made it amply clear that the current year''s target is far too ambitious to be achieved, given the recession in US and several other developed economies.
The FDI in October slipped to $1.4 bn after maintaining robust inflows till September - with a monthly range of $2.5-3 bn and further it slipped to $1.08 in November, according to official figures. The total FDI inflow last year was $24.5 bn. However, no such thing seems likely this year because of the difficult global economic environment. The Commerce and Industry Minister Kamal Nath seeing the straw in the winds, had himself scaled down the $35 bn target last month.
The FDI in October slipped to $1.4 bn after maintaining robust inflows till September - with a monthly range of $2.5-3 bn and further it slipped to $1.08 in November, according to official figures. The total FDI inflow last year was $24.5 bn. However, no such thing seems likely this year because of the difficult global economic environment. The Commerce and Industry Minister Kamal Nath seeing the straw in the winds, had himself scaled down the $35 bn target last month.
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