Shri Kamal Nath, Union Minister of Commerce & Industry, while briefing the media persons informed that during the financial year 2006-07, the FDI equity inflows have been US $ 15.7 billion as compared to US $ 5.5 billion received during 2005-06.
This is a growth of 185% as compared to the previous year. This is also the first time that FDI equity inflows into India have crossed the US $ 10 billion mark.
If reinvested earnings and other capital inflows are also included, the total inflows in 2006-07 add up to US$ 19.5 billion compared to US$ 7.7 billion during the same period last year showing a growth of 153%.
During the first quarter of the Financial Year 2007-08, the FDI inflows have been US$ 4.9 billion as against US$ 1.7 billion received during the corresponding quarter of 2006-07, registering a growth of more than 185%.
The first six months of the current calendar year (January-June 2007) have witnessed FDI inflows of US$ 11.4 billion as against US$ 3.6 billion received during the same period in 2006.This indicates a growth of 218%.
With regard to industrial production, Shri Kamal Nath stated that as per the Quick Estimates of Industrial Production released by the Central Statistical Organization, the industrial production registered a double-digit growth of 11% in the first quarter of the current fiscal as compared to the corresponding period of the previous year.
The Manufacturing Sector, which has around 80% weightage in the Index of Industrial Production, has also shown a double-digit growth of 11.9% during the first quarter of Financial Year 2007-08 (April to June 2007) as compared to a growth of 11.7% in the previous year.
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