Inflows of Foreign Direct Investment (FDI) into India rose by about 25 per cent to $17.35 billion in the April-October period of the current fiscal.
According to commerce and industry minister, Mrs. Nirmala Sitharaman, improvement in the macroeconomic situation and investor sentiment on account of a series of steps taken by the new government at the centre helped attract higher FDI.
In April-October 2013, the country had received $13.82 billion foreign inflow. The minister, however, said “still there are number of challenges to make India a global manufacturing hub. These need to be identified and action plan has to be formulated,” she added.