FDI in services sector falls 47.5% to $1.19bn in April-Aug 2013

India Infoline News Service | Mumbai |

The services sector, which contributes over 60% to India’s GDP, had received FDI worth $2.28 billion in April-August 2012 period

Foreign direct investment (FDI) inflows into the services sector declined by 47.5% to $1.19 billion during the April-August 2013 period, according to the Department of Industrial Policy and Promotion (DIPP) data.

The services sector, which contributes over 60% to India’s GDP, had received FDI worth $2.28 billion in April-August 2012 period.

In 2012-13, foreign investment in the segment fell to $4.83 billion from $5.21 billion in 2011-12.

The services sector includes banking, insurance, outsourcing, R&D, courier and technology testing.
 

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