FDI down 33% to $1.35b in India

Foreign direct investment in India declined about 33 per cent to $1.35 billion (Rs 7,124 crore) in December 2011, over the same month in the previous year, an official said. FDI inflows in December 2010 totalled $2.01 billion (Rs 9,094 crore). However, cumulative the flows during April-December moved up 51 per cent to $24.18 billion, from $16.03 billion in the same period last year, mainly due to higher FDI inflows during the April-June quarter. The cumulative figure has crossed $19.43 billion which came in the full fiscal of 2010-11, according to the official. In April, May and June, the country received FDI worth $3.12 billion, $4.66 billion and $5.65 billion, respectively.