FDI Inflow Down 26% In During The Period Stood Billion - Dec 17, 2008

Commerce Minister Kamal Nath today, 16 December 2008, said foreign direct investment (FDI) into India declined by 26% in October 2008 from a year earlier. In a written reply to parliament, Nath said FDI inflows during the April-October 2008 period stood at $18.7 billion.FDI inflows during April-September 2008 showed an increasing trend each month in comparison to the same period in the previous year, Nath said.Nath said it was difficult to asses the impact of the global slowdown on specific sectors and projects.