The government on Tuesday said foreign direct investment inflows during in the current fiscal is expected to touch the $10 billion mark annually.
In 2005-06 inflows grew by 50 per cent to about $8.3 billion against $5.5 billion recorded last year. Based on these trends, FDI inflows into the country would touch a figure of $10 billion annually from fiscal 2006-07, Commerce and Industry Minister Kamal Nath said in a statement.
FDI in the equity alone stood at $5.13 billion, highest ever FDI equity inflow in the country, he added. The reinvested earnings and other capital for the year under review is estimated at $3.2 billion.
FDI inflow for March 2006 was $831 million, 200 per cent higher than the same month previous year.
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