The total inflow and outgo of FDI during each of the last three years is as below:

(Amount in Rs. Crore)

# amount includes the inflows received through SIA/Foreign Investment Promotion Board (FIPB) route, acquisition of existing shares and RBI’s automatic route only.

 * upto December, 2012 only

It has been observed by the Government that FDI inflows have declined by roughly 26% in rupee terms in the Financial Year 2012-13.

The Government has amended the provisions relating to the FDI caps, routes and norms in various sectors namely Petroleum & Natural Gas, Commodity Exchanges, Power Exchanges, Stock Exchanges, depositories and clearing corporations, Asset Reconstruction Company, Credit Information companies, single-brand product retail trading, Telecom Services, Couriers services, Defence and Multi Brand Retail Trading with the objective of attracting more FDI.

This was stated by Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today.

FDI policy amendments expand sectoral caps and routes to encourage increased foreign investment inflows after observed decline. Government observed a reduction in FDI inflows and amended provisions relating to FDI caps, routes and norms across multiple sectors-including petroleum and natural gas, exchanges, depositories, asset reconstruction, credit information, single- and multi-brand retail, telecom, courier and defence-to revise sectoral entry conditions, adjust ownership or operational ceilings, and alter automatic and approval routes to attract greater foreign investment.