Foreign direct investment increases to $3.60 billion in April

New Delhi, Jun 23: Foreign direct investment (FDI) in India increased to USD 3.60 billion in April, says Department of Industrial Policy and Promotion's data.

In April 2014, it stood at USD 1.70 billion, while in March, the foreign direct investment dipped by 40 per cent, according to DIPP data.

Amongst the top 10 sectors, computer software and hardware received the maximum FDI of USD 709 million in April, followed by automobile (USD 655 million), trading (USD 441 million), services (USD 217 million) and power (USD 109 million).

During the month, India received the maximum FDI from Singapore (USD 1.13 billion) followed by Mauritius (USD 907 million), the US (USD 392 million) and the Netherlands (USD 374 million).

During financial year 2014-15, foreign fund inflows grew at 27 per cent, year-on-year, to USD 30.93 billion as against USD 24.29 billion in 2013-14.

India is estimated to require around USD 1 trillion investment over five years to overhaul its infrastructure sector, including ports, airports and highways, to boost growth.

The government has relaxed FDI norms in various sectors, including insurance, railways and medical devices, to boost FDI in the country.

PTI