May 13 – India’s foreign direct investment in March reached US$2 billion declining by more than half compared to last year’s US$4.4 billion during the same period.
FDI has been hard hit by the global economic crisis although total FDI for 2008-09 is still more than US$27 billion, still a marginal growth compared to US$24.5 billion in 2007-08.
An official told Times of India that though figures have been released up to January, FDI inflows in February had dropped by 73 percent year-on-year to US$1.5 billion.
