News: FDI inflows increase six-fold at $ 2.04 billion in Dec 06

(PTI 27/02/2007) New Delhi - India witnessed a nearly six-fold increase in Foreign Direct Investment (FDI) inflows in December 2006 at $ 2.04 billion as against $ 350 million in the same month in 2005.

"This is the highest ever FDI inflow into the country in a single month," Commerce and Industry Ministry Kamal Nath said in a statement today.

Total FDI inflows for April-December 2006 stood at $ 9.3 billion , as compared to $ 3.5 billion in the corresponding period last fiscal.

India is likely to receive $ 12 billion of FDI during the current financial year as compared to $ 5.5 billion in the previous fiscal, he said.