THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SHRI RAJIV PRATAP RUDY):
(a) The Foreign Direct Investment (FDI) inflows into India during 2000-2002 is as under:—
Year (Jan- FDI inflows into India
Dec) (US $ in billion)
2000 2.43
2001 3.57
2002 3.38
Sector-wise details of the FDI inflows are given in the statement enclosed.
(b) FDI as a percentage of gross fixed capital formation for India for the years
1998-2000, as per the latest publication of the UNCTADs` World Investment Report, 2002
is given below:
Year (Jan-Dec) Inward flows as a percentage of gross fixed capital
` formation for India
1998 2.9
1999 2.2
2000 2.3
(c) and (d) There has been no major outflow of funds on account of repatriation of
original investment. The outflow on account of dividend repatriation, technology fee
payment, etc., has also not been significant. Detailed outflow figures are published annually
by the Reserve Bank of India. Foreign Direct investment especially in green field projects as
in the case of domestic investment, leads to employment generation. Data on employment
generation on account of foreign investment proposals approved are not maintained.
(e) FDI supplements domestic investment efforts. Apart from providing additional capital to
bridge saving-investment gap, FDI also infuses modern technology and management practices,
and provides overseas market access resulting in greater international competitiveness of
Indian Industry.
