India attracted $ 2.48 billion foreign direct investment in the services in the first five months of the current fiscal, the highest among all sectors.

The services sector, including financial and non-financial segment, attracted 22 per cent of the total foreign direct investment inflows in the April-August period, official data shows.

It was followed by housing and real estate, and telecommunications that attracted $ 1.79 billion and $ 1.73 billion investments respectively during April-August 2009-10. Construction activities attracted investments worth $ 899 million.

The highest FDI of $ 6.27 billion came from Mauritius followed by the US and Singapore in the first five months of this fiscal.

However, overall FDI during the period declined to $ 13.8 billion from $ 14.64 during April-August 2008-09.

The government recently approved formation of an investment promotion firm ‘Invest India’, where it will partner the states and industry, to help attract foreign investors and provide them a hassle-free entry.

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