FDI Through Approval Route up 162% to $1.91B

NEW DELHI Foreign Direct Investment into India through the approval route shot up 162% to $1.91 billion in the first 10 months of the current fiscal, indicating that government’s effort to improve ease of doing business and relaxation in FDI norms may be yielding results.

During the full 2013-14 fiscal, India had received $1.18 billion FDI through the government approval route, say figures collated by the Department of Industrial Policy and Promotion (DIPP). “The FDI figures during AprilJanuary period clearly reflect that the government is giving faster clearance to the proposals,“ said a senior official in Commerce and Industry Ministry.

SOURCE -ECONOMICS TIMES