Sharp decline in FDI inflows for real estate, telecom sectors:

New Delhi : The substantial decline in foreign direct investments into the country during 2010-11 was mostly in high-growth potential sectors like housing and real estate, construction activities and telecommunications, industry body ASSOCHAM said today.

On the other hand, there was a marginal upswing in foreign equity inflows for services sector, computer software and hardware, automobiles, power, metallurgical industries, chemical, petroleum and natural gas, according to The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

Most strikingly, electrical equipment (including computer software and electronics), fuels (power and oil refinery), drugs and pharmaceuticals, food processing industry, cement and gypsum products got no FDI in the past four years.