July FDI inflows up 13% to three-month high

Foreign direct investment inflows into India rose an annual 12.9 per cent in July to $1.66 billion, the government said in statement released late on Tuesday, the highest monthly inflow for three months.

FDI inflows were $1.47

billion in July last year.

For the first four months of the current fiscal year, FDI inflows were up 20 percent from a year earlier to $7.05 billion, the Ministry of Commerce and Industry said in the statement.

FDI inflows had declined to $22.42 billion in the fiscal year ended March 2013, from $35.12 billion in the previous year.