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FDI declined by 40 percent in March, lowest in four months

In India, the foreign direct investment (FDI) declined by 40 percent year-on-year to $2.11 billion in March 2015 which is the lowest in last four months of 2014-15 fiscal.

Earlier, the FDI was lowest at $1.53 billion in November 2014.

However according to Department of Industrial Policy and Promotion (DIPP)’s data, during the 2014-15 financial year, foreign fund inflows grew 27 percent year-on-year to $30.93 billion as compared to $24.29 billion in 2013-14.

Moreover, the government has relaxed the FDI norms in various sectors that includes insurance, railways and medical devices to boost FDI in the country.

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