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India’s FDI in services up 62pc in Apr-Jan last fiscal

Uncertain economic conditions in the western markets are working to India’s advantage when it comes to foreign direct investment (FDI) inflows into the services sector, which went up by an impressive 62 percent during April-January last fiscal.

The financial and non-financial services sector had attracted FDI worth USD4.83 billion during the 10-month period of 2011-12 as compared to USD2.98 billion in the same period of previous year, according to official data.

Experts feel India offers a safe investment destination at a time when there is so much uncertainty in the western markets.