Gross FDI slips to $6.5 billion, net flows negative

Gross foreign direct investment (FDI) to India decreased marginally to $6.5 billion in October, from $6.6 billion in September. However, net FDI remained negative during this period to an outflow of $1.5 billion in October though lower than a $2.3 billion outflow in September. Singapore, Mauritius and the US accounted for more than 70% of total FDI inflows with around 60% of the FDI inflows from the financial services sector, followed by manufacturing, electricity, and communication services.