FDI inflows to India rises 16 percent in June

New Delhi, Aug 21 (IANS) Foreign Direct Investment (FDI) inflows into India rose by 16 percent year-on-year to $1.44 billion in June, government data showed Wednesday.

Despite the year-on-year increase, this is the lowest monthly inflow of FDI in India so far in 2013.

FDI inflows rose to $5.39 billion in April-June quarter of the current financial year as compared to $4.42 billion recorded during the same quarter last year, registering a year-on-year increase of 22 percent, according to data released by the Department of Industrial Policy and Promotion (DIPP).