Foreign direct investment (FDI) flows to India surged by about 34 per cent to $ 1.92 billion in June, according to the official data.In June 2013, the country had received FDI worth $ 1.44 billion.During April-June in this fiscal, the foreign inflows recorded a growth of 34 per cent. FDI was at $ 7.23 billion in April-June, 2014-15 compared to $ 5.39 billion in April-June 2013-14, the data by Department of Industrial Policy and Promotion showed.
In May, the FDI figure ($ 3.60 billion) was the highest since September 2013 when the country received foreign investment of $4.13 billion.Amongst the top 10 sectors, telecommunications received the maximum FDI in the first quarter of the current fiscal at $ 2 billion followed by services ($ 738 million), pharmaceuticals ($ 680 million) and construction ($281 million).
During the period, India received maximum FDI from Mauritius at $ 2.61 billion, followed by Singapore ($ 1.18 billion), the UK ($ 567 million), Japan ($ 695 million) and the US ($249 million).In 2013-14, FDI inflows in India were $ 24.29 billion against $22.42 billion in 2012-13.India requires around $1 trillion in the next five years to overhaul its infrastructure sector, including ports, airports and highways to boost growth.The Government is taking more steps to boost FDI in the country.