FDI Inflows in India up 15% in H1
Foreign direct inflows went up almost 15% during the first half the current financial year. The period also saw Mauritius slip to the fourth spot as the preferred source to route funds into India with the US and tax haven Cayman Islands overtaking it. Latest data released by the department for promotion of industry and internal trade showed that FDI inflows topped $30 billion during April-September, compared to $26 billion the corresponding period last year. Among the states, it was Gujarat, which cornered over half the FDI with inflows pegged at $16 billion with traditional leader Maharashtra slipping to the third place behind Karnataka.
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