Foreign direct investment (FDI) in India almost doubled to $ 2.16 billion in December 2014, compared to $1.10 billion in the same month of 2013. During the April-December period of current fiscal, FDI rose by 27 per cent to $ 21.04 billion as against $ 16.56 billion in the same period last fiscal, the data by Department of Industrial Policy and Promotion showed.
Amongst the top 10 sectors, telecom received the maximum FDI of $2.67 billion in the nine-month period, followed by services ($ 2.29 billion), automobile ($1.58 billion), pharmaceuticals ($ 1.21 billion) and computer software and hardware ($ 971 million). During the period, India received maximum FDI from Mauritius at $5.89 billion, followed by Singapore ($4.31 billion), the Netherlands ($ 2.57 billion), the US ($1.48 billion) and Japan ($ 1.42 billion).
In 2013-14, FDI stood at $24.29 billion as against $22.42 billion in 2012-13.Healthy inflow of foreign investments into the country help in balancing the country's balance of payments and stabilise the value of rupee.