Net FDI hit $6.2 bn in April-October

Net foreign direct investment (FDI) in the country nearly doubled to $6.2 billion during April-October from $3.3 billion in the same period a year earlier, chiefly on account of a decline in repatriation despite a rise in outward FDI.

- AATHIRA VARIER

During this period, FDI remained higher than last year both in gross and net terms.

Gross inward FDI was marginally up to $58.3 billion during April-October from $50.5 billion a year ago. It remained steady in October with Singapore, Mauritius and the United States accounting for more than 70 per cent of the total, according to The report Reserve Bank of India's (RBI's) latest Monthly Bulletin.