India received $32.4 billion foreign investment last fiscal

September 10th, 2009 NEW DELHI - Despite a global slowdown, the inflow of foreign direct investment into India was 56.5 percent higher in July at $3.52 billion against $2.25 billion in the like month of last year, Commerce Minister Anand Sharma said Thursday. "Our foreign direct investment equity inflows indicate an increase of 56.5 percent in US dollar terms and 77 percent in rupee terms over July 2008," Sharma told a press conference here.

August 19th, 2009 NEW DELHI - With India-Nepal trade expected to touch Rs.15,000 crore ($3 billion) this fiscal, commerce ministers of the two countries Wednesday discussed a proposed revised treaty to widen the scope of bilateral trade. Commerce Minister Anand Sharma and his Nepalese counterpart Rajendra Mahato met here to take forward the proposed Treaty of Trade and Agreement of Co-operation.

August 17th, 2009 BEIJING - China received $5.36 billion in foreign direct investment (FDI) in July, down 35.7 percent year on year, said Ministry of Commerce spokesman Yao Jian Monday. China's total export-import volume between January and July decreased by 22.7 percent year on year to $1,146.71 billion.

August 14th, 2009 KOLKATA - India received $7 billion in foreign direct investment (FDI) during the first quarter of the current fiscal, a senior official said here Friday. "For the April-June period there was an approximate $2 billion FDI inflow every month," Gopal Krishna, joint secretary to the Department of Industrial Policy and Promotion, said during an interactive session organised by Indian Chamber of Commerce.

August 13th, 2009 NEW DELHI - Signs of India's economic recovery appear to have lifted confidence levels among foreign investors, as the country received a foreign investment flow that was five times more in the in April-June quarter this year. According to data released by the Reserve Bank of India (RBI), in the preceding quarter of January- March, the country received three billion US dollars worth of foreign investment, while in the April-June quarter it received 15-billion US dollars in foreign investment.

July 29th, 2009 NEW DELHI - Foreign direct investment (FDI) inflow in the first two months this fiscal touched $4.43 billion even as the world was embroiled in a financial crisis, the government said Wednesday. "Despite the economic slowdown, FDI inflow showed a growth of 11 percent to $27.31 billion in 2008-09 compared to $24.58 billion in the previous fiscal," a government statement said.

July 16th, 2009 Foreign investment in Myanmar soarsYANGON, Myanmar — Foreign investment in Myanmar swelled sixfold to almost $1 billion in the last fiscal year, most of it coming from China, according to government statistics seen Thursday. A Ministry of National Planning and Development statistical survey showed that foreign investment jumped to $984.9 million in the fiscal year that ended in March 2009 from $172.7 million the previous year.

July 12th, 2009 NEW DELHI - Despite the global slowdown, the chemicals sector witnessed the highest growth in foreign investment in 2008-09, says a report by an industry lobby. The report by the Associated Chambers of Commerce and Industry of India (Assocham) released Sunday said the chemicals sector (other than fertilisers), attracted $749 million last fiscal as compared to the $229 million it attracted the previous year - an increase of 227 percent.

June 30th, 2009 MUMBAI - India's external debt rose 2.4 percent or $5.3 billion to $229.9 billion for the fiscal ended March 31, the Reserve Bank of India (RBI) said Tuesday. India, which has an external debt equivalent to 22 percent of its gross domestic product, was already the fifth most indebted country in the world in 2007, the central bank said in a statement.

May 29th, 2009 LONDON - Prime Minister Manmohan Singh's team must focus on infrastructure as it opens up to greater foreign investment, the international law firm Eversheds said Friday after latest figures showed India's GDP beat forecasts. Election 2009 has delivered a new outlook for India and its economy, Gauri Advani, head of India Group at the London-based firm said after official data showed India registered an impressive 6.7 percent growth in fiscal 2008-09, despite the global economic downturn.

May 14th, 2009 BRUSSELS - Foreign direct investment (FDI) between India and the European Union (EU) declined sharply in 2008 amidst the global economic slump, the 27-member bloc's statistical office said Thursday. FDI from India into the EU as a whole dropped from 10 billion euros ($ 13.5 billion) in 2007 to 2.4 billion euros ($3.2 billion) in 2008, the Eurostat report said.

April 24th, 2009 NEW DELHI - Despite the global slowdown and recession in Europe and the US, India expects at least $40 billion as foreign direct investment (FDI) in the current fiscal, a senior industry ministry official said here Friday. 'The overall outlook for foreign investment is positive.

April 23rd, 2009 RIO DE JANEIRO - Brazil received $5.34 billion in foreign direct investment (FDI) during the first quarter of 2009, down 39.2 percent from the same period in 2008, the country's central bank has said. The numbers got worse in March, when FDI totalled $1.44 billion, less than half the figure of $3.08 billion during the same month in 2008 and the worst result for the month since 2005, the bank said Wednesday.

April 6th, 2009 NEW DELHI - The global economic slowdown will not affect the foreign direct investment (FDI) flow to India as the domestic demand remains 'resilient', investment banker Goldman sachs said Monday. 'FDI is showing positive signals,' Tushar Poddar, an economist with Goldman Sachs said, adding: 'We expect FDI inflows to remain significant in 2009-10, given India's relatively resilient domestic demand momentum.' According to the bank, the FDI flow to India during September-January - the months when the credit crisis was at its peak - amounted to $9.2 billion, higher than $7.9 billion in the corresponding period last year.

February 15th, 2009 NEW DELHI - Following are the highlights of the interim budget presented by Minister for External Affairs Pranab Mukherjee in the Lok Sabha Monday: * India remains second-fastest growing economy in the world * Economy expected to grow 7.1 percent this fiscal * Government spent Rs.70,000 crore (Rs.700 billion) on 37 infrastructure projects in 2008-09 * Under public-private partnership (PPP), 54 central infrastructure projects approved * Total expenditure of PPP projects estimated at Rs.67,700 crore (Rs.677 billion) * India Infrastructure Finance Company to raise Rs.10,000 crore (Rs.100 billion) by end-March * India has weathered inflation criris, but no room for complacency * Country's agriculture outlook is encouraging * Record foreign direct investment of $32.4 billion attracted * Extraordinary situation merits extraordinary measures * Need to consider additional fiscal measures in regular budget * In past three years, India grew by average of over 9 percent * Per capita income expanded by 4.7 percent per annum * Fiscal deficit was brought down from 4.5 percent to 2.7 percent * Revenue deficit was cut from 3.6 percent to 1.1 percent * Exports increased 26.4 percent per annum * Foreign trade increased from 27.3 percent to 35.5 percent * Tax to gross domestic product ratio expanded by 9.2 to 12.5 percent * Agriculture grew by 3.7 percent per annum