Loading...
The Financial Express

Net FDI from India up by 8.42pc in FY17

FE Online Report | Published: October 23, 2017 17:26:39 | Updated: October 25, 2017 04:50:36


Net FDI from India up by 8.42pc in FY17

Net inflow of Foreign Direct Investment (FDI) from India registered 8.42 per cent growth in the past fiscal year (FY17) compared to the previous fiscal (FY16).

Latest statistics of the Bangladesh Bank, released last week, showed that Bangladesh received some $95.41 million from India as net FDI in the past fiscal year. The amount was $88 million in FY16.

The gross inflow of FDI from India in FY17 was $119.32 million, according to the central bank estimation.

Net inflow of FDI is determined by deducting disinvestment, repayments of loans & loss from the gross inflow of FDI.

The central bank data also showed that India became the seventh largest source of FDI for Bangladesh in the past fiscal year.

Share if you like