The foreign direct investment (FDI)
in India is known to be on fast track thereby bolstering the country’s
economy in an amazing way. The FDI was evaluated to hit the mark
of 2.04 billion dollars in Dec. 2006 as compared to 350 million
dollars the last year.
This is known to be the highest FDI inflow into the country in
a single month, says Commerce and Industry Minister Kamal Nath.
The FDI inflows in April- December 2006 were at 9.3 billion dollars
as against 3.5 billion dollars in the same period in 2005.
This is just the starting. Driven by a booming economy, India
is likely to attract more overseas investors thereby taking FDI
inflows to new highs in the current fiscal. As such, the country
is likely to receive 12 billion dollars in 2007 in so establishing
new records every year.
