According to a report released by the United Nations Conference on Trade and Development (UNCTAD), India is among the countries that have witnessed a positive growth rate in FDI equity inflows in 2020 as compared to 2019.
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While major economies like the USA, Singapore, Germany, Brazil, Canada, UAE have seen a negative trend. India has seen a growth of 25 per cent in 2020 as compared to 2019.
India is the fifth-largest recipient of FDI inflows in the world in the year 2019-20. It comes at a time when global FDI inflows have been badly hit by Covid-19, which declined to $1 trillion in 2020-21 from $1.5 trillion a year ago.
Despite the disruption caused by the outbreak of the pandemic last year, India attracted the highest ever FDI inflow of $81.72 billion in the entire financial year 2020-21. The total FDI inflows in 2019-20 stood at $74.39 billion.
India had attracted a total foreign direct investment (FDI) of $6.24 billion in April 2021, up 38 per cent year-on-year, according to data released by the Department for Promotion of Industry and Internal Trade (DPIIT).
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