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24.47 billion dollars FDI inflow registered in India during last fiscal

Written by: Staff
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New Delhi, May 2 : India had received 24.57 billion dollars in Foreign Direct Investment (FDI) during the last fiscal.

According to report, India has set a 35-billion dollars FDI target for the current fiscal.

The FDI inflows in 2007-08 saw an increase of 56.50 per cent over 15.70 billion dollars in the previous year. India, which saw a GDP growth of 8.7 per cent in 2007-08, aims to more than double its FDI inflows between 2006-07 and end of the current financial year.

"India remains attractive investment destination and it will be a good parking lot for money. FDI inflows reflect growing confidence (of global investors) in India," said Commerce and Industry Minister Kamal Nath.

ANI

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