FDI increased 8% in June to $2.58 bn

NEW DELHI: India has attracted foreign direct investment worth $2.58 billion in June, an eight per cent increase over the same month last year, a senior official said on Wednesday.

"The FDI is rising. In June, it was eight per cent more (than the same month last year)," Secretary in Department of Industrial Policy and Promotion Ajay Shankar told reporters here.

In June 2008, the FDI inflow was $2.39 billion. However, the total foreign investment inflows during April-June contracted by over 30 per cent to $7.02 billion over the same quarter of 2008-09. In the first quarter of the previous fiscal it was $10.07 billion.

The FDI inflow in May was $2.1 billion.