Foreign Direct Investment falls 78% in India
TNI Bureau: The Foreign Direct Investment (FDI) fell 78% in India in June, which suggested the overseas investors’ are showing lack of interest due to weak economy in the country.
As per the government data released on Friday, the FDI fell to $1.24 billion from $5.65 billion during June. The FDI fell 67% to $4.42 billion during April-June, the first quarter of the fiscal year.
Amidst the fall in rupee against dollar and high gold prices, the decline in FDI could put the government in trouble to handle the current situation.
Despite continuous decline and fall in rupee, the government is delaying to bring economic reforms and cut the extra expenditure.