FDI in FY08

·         On May 2, 2008 commerce and industry minister Kamal Nath released the FDI data.

·         India received $24.57 billion of foreign direct investment in 2007-08, prompting the world's second fastest-growing economy to set an FDI target of $35 billion for the current fiscal.

·         The FDI inflows in 2007-08 saw an increase of 56.50 per cent over $15.70 billion in the previous year.

·         India saw a GDP growth of 8.7 per cent in 2007-08

·         India aims to more than double its FDI inflows between 2006-07 and end of the current financial year.