The FDI witnessed a surge in April this year, just a little less than April last year, after a huge fall in March and February. The FDI shot up by 19.3 per cent to $2.34 billion in April 09 as against $1.96 billion in March 09, while at $3.74 billion in April 08 with the manufacturing sector leading from the front.
According to Ajay Shankar, secretary of DIPP, all kinds of manufacturing sectors including the real estate is seeing a return of investment from the foreign countries.
Infact after some months of a slowdown, India has again emerged as a very attractive destination for foreign investors.
However, the experts feels that this boom may last for a few months translating into growth for the manufacturing industries and bring much needed relief for the cash strapped companies, which automatically results better industrial growth.
Meanwhile, the government expects that the inflows of FDI will be slightly better as compared to the last year.
According to Ajay Shankar, secretary of DIPP, all kinds of manufacturing sectors including the real estate is seeing a return of investment from the foreign countries.
Infact after some months of a slowdown, India has again emerged as a very attractive destination for foreign investors.
However, the experts feels that this boom may last for a few months translating into growth for the manufacturing industries and bring much needed relief for the cash strapped companies, which automatically results better industrial growth.
Meanwhile, the government expects that the inflows of FDI will be slightly better as compared to the last year.
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