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India attracted 16 pc more FDI in 2019, says UN report


India attracted an estimated $49 billion in FDI in 2019, a 16 per cent increase from the $42 billion recorded in 2018, and thereby not only drove the FDI growth in South Asia but also was among the top 10 recipients of FDI in 2019, said the Global Investment Trend Monitor report compiled by United Nations Conference on Trade and Development (UNCTAD), as per a report.


Developing economies continue to absorb more than half of global FDI flows. South Asia recorded a 10 per cent increase in FDI to $ 60 billion and this growth was driven by India. FDI to the European Union fell by 15 per cent, while there was zero-growth of flows to the United States. Despite this, the United States remained the largest recipient of FDI, followed by China and Singapore, the report added.

 

Source : Exim News Service - Geneva, Jan. 23

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