The objective behind allowing Foreign Direct Investment (FDI) is to complement and supplement domestic investment, for achieving a higher level of economic development and providing opportunities for technological upgradation, as well as access to global managerial skills and practices. Cumulative FDI inflows of US $ 1,78,059 million have been received in India between April, 2000 to September, 2010.

            Details of FDI inflows, calculated as per international best practices, including FDI equity inflows, re-invested earnings and other capital, received between 2005-06 to 2010-11 (up to September, 2010), are as under:

(Amount US$ million)

                      *Provisional

            This information was given by Shri Jyotiraditya M Scindia, Minister of State for Commerce and Industry, in a written reply in the Rajya Sabha today.

Foreign Direct Investment spurs employment and foreign exchange by complementing domestic investment and facilitating technology and managerial access. The policy objective of Foreign Direct Investment (FDI) is to complement and supplement domestic investment to advance economic development by creating employment, augmenting foreign exchange inflows, enabling technological upgradation, and providing access to global managerial skills and practices. The document reports cumulative and annual FDI inflows calculated according to international best practices, comprising equity inflows, reinvested earnings and other capital, received into the economy between 2005-06 and 2010-11 (up to September 2010), with certain years marked provisional.