Foreign Direct Investment (FDI) inflows stood at $40.82 billion till December in the fiscal 2015-16, Parliament was informed on Friday. For 2014-15, FDI inflows were $44.29 billion, up 23 per cent as compared to the previous fiscal.
Giving details in Parliament about FDI investment in the last six years, Minister of State for Finance Jayant Sinha said foreign investment in most of the sectors is already under automatic route.
In 2013-14, FDI inflows were up 5 per cent at $36.05 billion. However, inflows dropped by 26 per cent in 2012-13 to $34.30 billion, after having grown by 34 per cent in 2011-12 to $46.56 billion. But in 2010-11, the FDI inflows were down 8 per cent to $34.85 billion. “Government approval is required for only few sectors which are listed in the conso lidated FDI policy,” Sinha said in a written reply to lok Sabha.