Foreign Investment in services sector dips 3.5% in Apr-Jan 2012-13

As per the Department of Industrial Policy and Promotion (DIPP) the Foreign direct investment (FDI) inflows into the services sector declined by 3.5 per cent to 4.66 billion US Dollars during the April-January period of fiscal year 2012-13.

The financial and non-financial services sector had attracted FDI worth 4.83 billion US Dollars during the same period in the Fiscal year 2012-13.

Talking about the FDI, during the April-January period of 2012-13 financial year, it slumped by 39 per cent to USD 19.10 billion.

Important Facts and Figures to be remembered

• In 2011-12, foreign investment in the services rose to 5.21 billion US Dollars from 3.29 billion US Dollars in 2010-11.
• Service sector contributes over 60 per cent to India’s GDP.
• The other sectors which have received FDI during April-January 2012-13 include hotel and tourism (3.19 billion US Dollars), metallurgy (1.38 billion US Dollars), construction (1.2 billion USD )and drugs (1 billion USD)
• India received maximum FDI from Mauritius (8.17 billion US Dollars ), followed by Japan (US1.69 billion Dollars) Singapore (UD 1.82 billion Dollars), the Netherlands (US 1.51 billion Dollars) and the UK (1.04 billion US Dollars).