FDI in country rises 23 % to about 13 bn dollars in first quarter of this fiscal

Official data shows that Foreign Direct Investment, FDI in India rose 23 percent, to 12.8 billion dollars during the April to June quarter of this fiscal.

According to the Department of Industrial Policy and Promotion data, the foreign fund inflows in April-June 2017-18 stood at 10.4 billion dollars.

Key sectors that received maximum foreign investment during the first quarter of the current fiscal include services 2.4 billion dollars, trading 1.62 billion dollars and telecommunications 1.59 billion dollars.

Singapore was the largest source of FDI during April to June quarter with 6.52 billion dollars.

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