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Gross FDI climbs as net inflows turn positive

News Snapshot:

Mumbai Gross foreign direct investment (FDI) to India increased to $9.3 billion in June, from $6.0 billion in May. Net FDI increased to $1.3 billion in June, from an outflow of $79 million in May. Outward FDI continued to register a downward trend for the last two months.Read more: Food prices on the rise, domestic demand keeps economy strongThe major sectors witnessing outward FDIs were financial, insurance and business services, manufacturing, wholesale/retail trade, restaurants, and hotels.

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