Foreign direct investment inflows for the month of January of current year, increased by 54.66 per cent after contracting for three successive months. The increase is led by overseas companies that pumped $2.73 billion against $ 1.76 billion in the same month a year ago.
However, FDI inflows had dropped for three months till December, 2008, amid the global financial crisis, as overseas companies either postponed or cancelled investment plans. In January last year, FDI inflows had contracted 8.33 per cent ($1.92 billion).
Meanwhile, Indranil Pan, chief economist with Kotak Mahindra Bank, said, "The latest FDI figures may not indicate sustained growth in FDI. The increase in the month could be because of commitments made by overseas companies before the global financial crisis."
However, FDI inflows had dropped for three months till December, 2008, amid the global financial crisis, as overseas companies either postponed or cancelled investment plans. In January last year, FDI inflows had contracted 8.33 per cent ($1.92 billion).
Meanwhile, Indranil Pan, chief economist with Kotak Mahindra Bank, said, "The latest FDI figures may not indicate sustained growth in FDI. The increase in the month could be because of commitments made by overseas companies before the global financial crisis."
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