Telecom bags highest FDI in Apr-Dec’14

New Delhi: The telecom sector received maximum Foreign Direct Investment (FDI) of $ 2.47 billion in the first eight months of the current fiscal, according to the Department of Industrial Policy and Promotion data.

The telecom sector was followed by services ($ 1.84 billion), automobile ($ 1.53 billion), pharmaceuticals ($ 1.15 billion) and computer software and hardware ($ 862 million).

Overall, during the April-November period of the fiscal, FDI grew by 22 per cent to $ 18.88 billion as against $ 15.45 billion in the same period a fiscal before.

FDI into India declined by over 6 per cent year-on-year in November 2014 to $ 1.53 billion.

In November 2013, the country had received FDI worth $ 1.63 billion.

India received maximum FDI from Mauritius at $ 5.20 billion, followed by Singapore ($ 3.74 billion), Netherlands ($ 2.42 billion), the US ($ 1.35 billion), Japan ($ 1.28 billion).

In 2013-14, FDI stood at $ 24.29 billion as against $ 22.42 billion in the 2012-13 fiscal.