FDI inflows jump to 21-month high in Oct

Mumbai: The net Foreign Direct Investment (FDI) flowing into India reached a 21-month high in October reflecting the strengthening fundamentals of the economy, according to data compiled by the RBI.

According to RBI data, the net FDI in India for October stood at $5.9 billion up from $1.55 billion in September. This is the third month in a row to show an increase in net FDI. Around four-fifths of the gross FDI flows into equity were invested in sectors such as manufacturing, retail, energy and financial services sector.

Mauritius, Singapore, Cyprus, and Japan were the leading countries from where FDI flowed into the country, accounting for as much as four-fifths of the total during the month.