The UN Conference on Trade and Development (UNCTAD) said in a report on Monday that a lower but positive economic growth in India in the post-COVID19 pandemic period and India’s large market will continue to attract market-seeking investments to the country.
India received USD 51 billion in foreign investment in 2019 and was the world’s 9th largest recipient of foreign direct investments (FDI) in 2019, according to a report by the UN’s trade body.
The UN Conference on Trade and Development (UNCTAD) said in a report on Monday that a lower but positive economic growth in India in the post-COVID19 pandemic period and India’s large market will continue to attract market-seeking investments to the country.RELATED NEWS
The World Investment Report 2020 by the UNCTAD said that India was the 9th largest recipient of FDI in 2019, with 51 billion dollars of inflows during the year, an increase from the 42 billion dollars of FDI received in 2018, when India ranked 12 among the top 20 host economies in the world.
In the developing Asia region, India was among the top five host economies for FDI. The report said that global FDI flows are forecast to decrease by up to 40 per cent in 2020, from their 2019 value of USD 1.54 trillion. This would be for the first time since 2005 that global FDI falls below the USD 1 trillion mark…..(Readmore)