New Delhi: After whopping jump for two consecutive months, India's foreign direct investment declined by 38 percent year-on-year in July to USD 1.09 billion, an official said.
In July 2010, the country attracted FDI worth USD 1.78 billion.
In June, the inflows saw an annualised increase of 310 percent to 11-year monthly record of USD 5.65 billion. In May as well, the inflows touched USD 4.66 billion showing an impressive 111 per cent over the same month last year.
For April-July FDI went up by 92 per cent to USD 14.54 billion from USD 7.56 billion in the corresponding period last year as inflows were robust in the initial months, the official said.
For the first six months of the 2011 calendar year as well, FDI showed an increase of 57 per cent to USD 16.83 billion.
Despite uncertainties in the global economy, FDI may touch USD 35 billion in 2011-12 as against USD 19.4 billion in the last fiscal on account of major deals like RIL-BP and Posco, sources said.
In the previous fiscal, equity inflows through the FDI route dipped 25 per cent to USD 19.43 billion from USD 25.6 billion in 2009-10. In 2008-09, FDI stood at USD 27.3 billion.
Mauritius, Singapore, the US, UK, Netherlands, Japan, Germany and the UAE are major sources of FDI.
During the period, the sectors that attracted the maximum FDI include services, construction activities, power, computers and hardware, telecommunications and housing and real estate.