India back on FDI radar
NEW DELHI: At a time when the world economy is facing the worst credit freeze in several decades, India attracted $2.7-billion FDI in January, up 58.8% from a year ago, and remained a favourite destination for cross-border investments. “January numbers are very good… it is an indication of the confidence that the rest of the world has in India,” department of industrial policy & promotion secretary Ajay Shankar said.