FDI in services sector jumps to $5.3 billion during April-Sept

FDI inflows into the services sector jumped over two-and-a-half times, to 5.3 billion dollars in the April to September period of the current fiscal.The services sector, which includes banking, insurance, outsourcing, R&D, and courier services, had received foreign direct investment of 1.5 billion



dollars during the April to September 2015 period, according to the Department of Industrial Policy and Promotion.

With this, overall foreign inflows into the country have climbed 30 per cent, to 21.6 billion dollars during the first half of 2016-17.