WION New Delhi, Delhi, India
Nov 06, 2016, 05.15 AM
Foreign direct investment (FDI) into India grew by over 30 per cent to USD 21.62 billion during the first half of 2016-17, PTI reported.
During April-September of 2015-16, India received FDI worth USD 16.63 billion, an official told PTI.
"Ease of doing business and relaxation in the FDI policy are helping attract more and more FDI. The recent easing in sectors like civil aviation and construction will help in attracting more overseas funds," the official was quoted as saying by PTI.
India receives the most FDI from Mauritius, Singapore, the Netherlands, and Japan.
Foreign investment is considered crucial for India, which needs around USD 1 trillion to overhaul its infrastructure and drive growth higher.