Indian FDI jumps 65pc

Published December 19, 2007

NEW DELHI, Dec 18: Foreign investment in India jumped 65 per cent in the first half of the fiscal year that began in April compared with a year earlier, the country’s commerce minister said on Tuesday.

Commerce Minister Kamal Nath said India saw $7.2 billion in inflows, retaining its place as the second most attractive foreign investment destination after China, according to a Press Trust of India agency report.

“FDI inflows continue with great momentum,” said Nath.

India received a total of $15.7 billion in foreign investment in 2006-2007, more than a 100 per cent increase from a year earlier.

India’s services sector, dominated by the call centre business, saw the biggest investment followed by telecom services and real estate, the report said.

—AFP

Opinion

Editorial

GB polls’ aftermath
Updated 11 Jun, 2026

GB polls’ aftermath

The new administration must address the region’s issues proactively.
Peace in retreat
11 Jun, 2026

Peace in retreat

THE ceasefire announced in April was supposed to create space for negotiations. Instead, it has been repeatedly...
A few good men
11 Jun, 2026

A few good men

IT was a brave move, no doubt. This Tuesday, in the land of the Afghan Taliban, a few good men decided to take a...
Centre vs provinces
Updated 10 Jun, 2026

Centre vs provinces

The reason the centre finds itself in this position is rooted in its failure to expand the tax net and boost revenues.
Party in crisis
10 Jun, 2026

Party in crisis

THE young KP chief minister must be starting to realise just how thorny a seat he occupies. There has been a flurry...
Varsity woes
10 Jun, 2026

Varsity woes

FINANCIAL crises affecting public sector universities across Pakistan are now having an impact on academic...