India is still attracting Foreign Direct Investment (FDI), even in the midst of a global slowdown according to the Economic Times of India.

Over $1 billion FDI is being invested in India per month according to the Department of Industrial Policy.

Although the overseas inflows have decreased from the highs previously invested, this has to be seen in the context of the credit crunch in the global economy.

FDI inflows were previously between $2.5 and $3 billion per month prior to September but are now topping $1 billion dollar plus per month. In light of the major financial crisis this is a very encouraging sign for India, illustrating international investor confidence and the belief in India's future growth.