(MENAFN) Foreign Direct Investment into India's service sector grew 44 percent to USD2.29 billion in the period April-December of the current fiscal year, QNA reported.
A Press Trust of India (PTI) report citing official data, says this is due to the federal government improving the ease of doing business and attracting foreign investments into the country.
Banking insurance, outsourcing, research and development, courier and technology testing from the service sector received FDI worth USD1.59 billion during April-December, 2013-14, according to the Department of Industrial Policy and Promotion (DIPP).
Overall foreign inflows in the country grew by 27 percent to USD21.04 billion during the first nine months of 2014-15. The amount was USD16.56 billion in the year-ago period.
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