Foreign direct investment in India fell to US$1.4 billion in August, an eight-month low. The figure is down 38% from US$2.26 billion a year before, while FDI for the five months ended in August was up just 4% year-on-year. "There is a need to further improve the business environment. Reforms in the recent past are welcome, but more needs to be done in order to build foreign investors' confidence," commented Krishan Malhotra, an expert on FDI with corporate law firm Amarchand & Mangaldas.
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