January 4th, 2011
The Economic Times: In November 2009, FDI stood at $ 1.72 billion. During the first eight months of 2010-11, India received Foreign Direct Investment (FDI) inflows worth $ 14.02 billion, a decline of 27.4 per cent over the corresponding period of previous year. Follow up:
Follow up:During April-November 2009-10, the foreign inflows stood at $ 19.32 billion.
With economic recovery in the rich countries remaining fragile, FDI inflows to India dipped for the second consecutive month, falling by about 7 per cent to $ 1.6 billion in November 2010 over the same period last year.
The inflows remained low despite a recent World Bank study stating the FDI flows into developing countries, including India, is expected to recover over the next couple of years. Read more at The Economic Times......
Editor's note: This apparently one area into which Quantitative Easing (QE) dollars are not leaking.