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  • FDI in services dips 22.5 pc in 2010-11

    Published on May 29, 2011

    Foreign direct investment FDI in India’s services sector has declined by 22.5 per cent to 3.4 billion US Dollars in 2010-11. According to the latest data released by Industry Ministry, FDI in service secor contributes over 50 per cent in the country’s economic growth. The services sector, both financial and non-financial services had attracted FDI worth 4.39 billion US dollars during 2009-10. The United States, United Kingdom, Mauritius, Singapore, Netherlands, Japan, Germany and the UAE, among other countries which are the major investors in India.

    According to the experts, global financial problems, particularly in the European markets are making players cautious of undertaking overseas investments.