Manufacturing, power beat services as top FDI destination
At a time when the share of the service sector in the country’s GDP is consistently increasing, equity foreign direct investment inflows into India are seeing a reversal of trend in terms of sectoral exposure. As against the situation five years back, when the services sector cornered the bulk of the FDI inflows into the country, the manufacturing sector is clearly emerging as the new favourite for overseas investors, according to an RBI study on FDI inflows.
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