In yet another indication of a recovery in Indian economy, the foreign direct investment (FDI) received by the country showed a 13% increase to $16.63 billion in the first half of the current fiscal year.

The FDI stood at $14.69 in the same period last year, according to a data released by the Department of Industrial Policy and Promotion (DIPP).

India saw highest FDI inflows of $6.69 billion from Singapore during April-September period, followed by Mauritius with an investment of $3.66 billion.

On the sectoral front, computer software and hardware saw maximum inflows of $3.05 billion, while trading, services, and telecommunications recorded inflows of $2.30 billion, $1.46 billion, and $659 million respectively, PTI reported.

The latest FDI figures reflect that the steps taken by the Modi government to boost foreign investment in the country are yielding results.

India was also the top global destination for FDI in the first half of the calendar year 2015, surpassing China and the US.

After coming into power in May last year, the National Democratic Alliance (NDA) government has taken various measures to bring in more foreign investment and boost its manufacturing activity through its 'Make in India' initiative.

Last month, the Narendra Modi government had cleared FDI proposals worth Rs 1,810 crore, apart from easing norms for overseas investors in as many as 15 sectors.

London-based billionaires Hindujas had said in November that they would make more investments worth billions in India as the policy measures initiated by the Modi government are creating a business-friendly environment in the country.

However, a report by Emkay Global released in October contradicted a claim made the Modi government that said 'Make in India' initiative was the main driver behind India's emergence as the world's top destination for FDI during January-June period.

The brokerage had said that it would be "premature" to co-relate the increase in FDI to the 'Make in India' initiative.

According to Emkay Global report, a significant part of FDI inflows to India had flowed into e-commerce firms such as Flipkart and Snapdeal, automobiles and cash & carry businesses.

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