FDI in India Up 18%

India witnessed an 18% jump in foreign direct investment, up from $39.32 billion in 2015, to touch $46 billion in 2016. Bulk of the FDI came in from Japan, Mauritius, Singapore and the Netherlands, asianage.com reported. According to the department of industrial policy & promotion data, the main sectors which attracted the highest foreign inflows include services, telecom, trading, computer hardware and software and automobile. India is attracting strong foreign investment flows as the country is one of the fastest economy at a time when global growth is anaemic. The International Monetary Fund said the economy is in a “fairly good shape” and it is likely to be less affected than other emerging economies if there is a further shock to the global economy.  “We’ve seen pretty tepid global growth rates. If there’s any adverse shock to the global growth and thereby global demand, we think India will not be unaffected but will be less affected,” said P.A. Cashin, IMF’s  mission chief of India.