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Citi expects low FDI inflow
| August 25, 2008 |  (Be the first to rate this story!) Loading ... |
Leading financial services provider Citi on Monday said the FDI (Foreign Direct Investment) inflow is expected to remain flat during the fiscal. “Despite strong trends, we expect FDI to stay flat in FY’09 at USD 32.2 billion posted last year,” Citigroup Global Markets said in its latest report.
Interestingly, the government expects about 25 per cent surge in FDI at USD 40 billion. The country received USD 20 billion FDI between January and June in the calendar 2008 and USD 10 billion in the first quarter of the current fiscal, against USD 5 billion seen during the same period last year.
News Published Under: Foreign Direct Investment in India |
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