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Foreign direct investment to India ballooned to $2.56 billion in September, up almost 260 percent over the same month last year.
While Indian equities are taking a pounding from foreign investors who have withdrawn $12.5 billion in 2008 already, foreign direct investment continues to grow, according to the Ministry of Commerce.
FDI grew 137 percent, to $17.21 billion Between April to September, primarily in construction, real estate, services and information technology sectors.
Mauritius was the top investor in this quarter ($5.27 billion), followed by Singapore ($1.72 billion), U.S. ($1.15 billion) and Netherlands ($580 million). |
