India's July FDI Equity Inflows Up

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India's July FDI equity inflows rose 77% to Rs.17,045 crore from Rs. 9,627 crore in the same month of last year. In dollar terms, the inflows were $3.516 billion, up 56% from $2.247 billion in the corresponding month last year.

Anand Sharma, the Commerce and Industry Minister said the FDI equity inflows for the period April-July stood at Rs.51,256 crore ($10.532 billion), down from Rs.51,440 crore ($12.320 billion) for the corresponding period in the preceding year, despite the current economic scenario.

The country received equity inflows in major sectors such as Service, Housing and Real estate, Construction, Telecommunication and Automobile industry.

(Market News Provided by RTTNews)