India's FDI inflows jumped by 12% to USD 2 billion in February Posted by Manas on April 27th, 2014 India's Foreign direct investment jumped by nearly 12% to USD 2.01 billion in February which is the second consecutive increase. India's FDI inflow stood at USD 1.79 billion in February last year. During the April-February period of last fiscal year, FDI inflows dropped by 0.6% to USD 20.76 billion, compared to USD 20.89 billion received during the same period last financial year. The highest FDI came in services sector (USD 2.18 billion), followed by automobiles (USD 1.28 billion), pharmaceuticals (USD 1.27 billion) and construction development (USD 1.05 billion) in the April- February period of previous financial year 2013-14. Maximum FDI inflow came from Mauritius with USD 4.48 billion, followed by Singapore (USD 3.91 billion), the UK (USD 3.21 billion) and the Netherlands (USD 2.20 billion). India needs huge foreign investment to help regain its growth momentum, to support its infrastructure push and to support its domestic currency. India is estimated to require about USD 1 trillion between 2012-13 and 2016-17, the 12th Five-Year Plan period, to fund infrastructure projects.
Forex Reserves decreased by USD 31.6 million to 309.413 billion Posted by Manas on April 27th, 2014 India's Forex reserves were decreased by USD 31.6 million to 309.413 billion for the week ended 18th April as per the recent weekly data released by RBI. This increase was mainly due to decrease in the reserve portion in the Foreign Currency Assets. With this, India's forex reserves dropped after seven weeks of consecutive increase. The Foreign Currency Assets (FCA) was decreased by USD 16.2 million to 281.536 billion for the same week. Foreign currency assets are expressed in US dollar terms include the effect of appreciation or depreciation of the non-US currencies, such as the euro, pound and yen, held in the reserves. The SDRs (Special Drawing Rights) and Reserve portion with IMF were also decreased by USD 105.9 million and USD 4.5 million respectively for the same week. Gold values remained unchanged at USD 21.566 billion for the same reporting week. Register at the dedicated AccessIndia list for discussing accessibility of mobile phones / Tabs on: http://mail.accessindia.org.in/mailman/listinfo/mobile.accessindia_accessindia.org.in Search for old postings at: http://www.mail-archive.com/[email protected]/ To unsubscribe send a message to [email protected] with the subject unsubscribe. To change your subscription to digest mode or make any other changes, please visit the list home page at http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in Disclaimer: 1. Contents of the mails, factual, or otherwise, reflect the thinking of the person sending the mail and AI in no way relates itself to its veracity; 2. AI cannot be held liable for any commission/omission based on the mails sent through this mailing list..
