India is back on the radar of global investors even in the midst of the global financial crisis, with 56 per cent year-on-year rise in inflows of foreign direct investment in July this year, an official said.
The FDI inflows in July this year was at $ 3.51 billion against $ 2.25 billion in the same month last fiscal. In June this year the figure was at $ 2.58 billion.
However, the total inflows during the April-July period contracted by about 15 per cent to $ 10.53 billion over the same quarter of 2008-09, due to poor accruals in the opening months of the fiscal.
In the first four months of 2008-09 it was at $ 12.32 billion.
"We are hopeful that by the end of this financial year, FDI would be over $ 30 billion," the official added.
In 2008-09, the government had set a target of $ 35 billion, but was able to receive only $ 27.3 billion due to the meltdown in the global financial markets.
The FDI inflows fell significantly from October 2008 and the monthly data remained lacklustre till June.
