"From April to February, $11.89 billion have come in equity, compared to $4.31 billion during the 11 months of the previous year. This marks a growth of 176 per cent in dollar terms," a release said.
FDI inflows in February 2007 amounted to $698 million, compared to only $127 million in the same month of previous fiscal, showing a growth of 450 per cent.
The manufacturing sector has also shown robust growth 12.1 per cent in April-February. This is the first time that industrial growth has crossed the 11
per cent mark in the last decade, the release said.
Record manufacturing growth is significant in the context of high priority being accorded by the government to anufacturing as a source of employment generation, Commerce and Industry Minister Kamal Nath said.
In February 2007, the manufacturing sector grew by 12.3 per cent.
This augurs well for the beginning of the 11th Plan, which aims to achieve a growth of 12 per cent per annum in manufacturing during the entire plan period, Nath added.
