New Delhi, India (BBN)- The foreign direct investment (FDI) flows into India jumped to US$ 3.60 billion in May, the highest in the last eight months, from $1.63 billion in the same period of last year.
During April-May this fiscal, the foreign inflows grew by 34 per cent to $5.30 billion as compared to USD 3.95 billion in the same period last year, according to the data of Department of Industrial Policy and Promotion.
The monthly FDI figures for May are the highest since September 2013 when the country received foreign investment of $4.13 billion, the data showed.
Amongst the top 10 sectors, telecommunications received the maximum FDI in May at $ 1.51 billion followed by pharmaceuticals ($680 million), services ($574 million) and construction ($221 million).
During the month, India received maximum FDI from Mauritius at $2.28 billion, followed by Singapore ($982 million), UK ($545 million), Japan ($319 million) and the US ($154 million).
In 2013-14, the FDI inflows in India rose to $24.29 billion from $ 22.42 billion in 2012-13.
India requires around $1.0 trillion in the next five years to overhaul its infrastructure sector, including ports, airports and highways to boost growth.
BBN/SSR/AD-18July14-6:23 pm (BST)