Foreign direct investment (FDI) into India jumped more 300 percent in June to $5.65 billion, the second highest monthly inflow in the last 11 years, official data showed Monday.
The figure, up from $1.38 billion in June last year, came as a rare piece of welcome financial news for Asia’s third-largest economy, where data recently has showed the economy slowing under a slew of aggressive interest rate rises to curb nearly double-digit inflation. The inflow figures upheld a trend showing a revival of foreign investment interest.
