The foreign direct investment (FDI) in India fell by about 47 per cent to $2.1 billion in May on account of the global recession and the trend is likely to continue for some more months, a senior government official said yesterday. The FDI during the same month last year was $3.9 billion. The FDI in the first two months of this financial year is $4.43 billion, the official said. The government had scaled down the FDI target by $5 billion from $35 billion last fiscal.
The cumulative FDI from April 2000 to March 2009 stands near to about $90 billion. The FDI in 2008-09 was $27.3 billion as against $24.5 billion in 2007-08.
The cumulative FDI from April 2000 to March 2009 stands near to about $90 billion. The FDI in 2008-09 was $27.3 billion as against $24.5 billion in 2007-08.
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