Zee Media Bureau
New Delhi: Foreign direct investment into India dipped by 40 percent to USD 2.11 billion in the month of March, 2015.
In February, the country had received FDI of USD 3.28 billion, up by 63 percent from the previous month.
However, FDI for the entire financial year of 2014-15 rose by 27 percent to USD 30.93 billion as per government data.
Earier in the month of May, the NDA government retained the previous UPA regime's decision allowing foreign retailers to open multi-brand stores with 51 percent ownership, in its consolidated FDI policy released.
The latest edition of the annual FDI document also incorporates all policy changes effected over the past one year, including by the Modi government in sectors like defence, insurance and railways.
The multi-brand retail was opened up for foreign direct investment, with a 51 percent cap, in September 2012, when the Congress-led UPA government was in power.
The BJP-led NDA government, which came to power in May last year, has not made any changes in this policy. However, the BJP had opposed foreign investment in multi-brand retail sector in its election manifesto last year.
With PTI Inputs
