FII investments in India quadrupled to $30.33 bn in 2012: Chidambaram
26 Feb 2013
Foreign funds have poured a whopping Rs1,63,350 crore ($30.33 billion) into Indian equity and debt stocks in 2012, a four-fold increase from the Rs39,353 crore invested in 2011, finance minister P Chidambaram informed the Rajya Sabha today.
A major share of the incremental investments has gone to financial services and software sectors, Chidambaram informed the Rajya Sabha in a written reply.
FII investments in the country in 2010 was, however, higher at over Rs1,79,000 crore, he noted.
"Government has been making concerted efforts to attract greater foreign investment into India with special thrust on availability of off-shore funds for infrastructure development," Chidambaram said.
He said of the total inflows of Rs1,63,350 crore, equity investments stood at over Rs1,27,000 crore, against an outflow of Rs2,714 crore in 2011. Overseas funds infused Rs34,989 crore in debt issues in 2012, against Rs42,067 crore in 2011.
The share of financial services in FII investment in 2012 was the largest at Rs48,516 crore, followed by software and services sector at Rs15,045 crore, he said.
