Categories: Business

India ranked 9th among the countries attracting the most FDI in 2019, will continue to receive further investment

Photo: GOOGLE

India 9th largest recipient of FDI in 2019, will continue to attract investments

United Nations. India received $ 51 billion in foreign investment in the year 2019 and was ranked ninth among the countries receiving more foreign direct investment (FDI) worldwide during the year. This information is given in a report of the United Nations business unit.

A report released by the United Nations Conference on Trade and Development (UNCTAD) said that India will continue to achieve weak but positive economic growth after Kovid-19 and India's broad market will continue to attract investment for the country. UNCTAD's World Investment Report 2020 states that India stood at number nine worldwide during the year, with foreign direct investment of $ 51 billion in 2019. In the previous year 2018, India received FDI of 42 billion dollars. Then India was ranked number 12 in the top 20 countries receiving FDI.

India ranked among the top five countries receiving the highest FDI in the developing Asia region. The report said that in 2020, FDI worldwide is projected to decline by 40 percent. This decline may come against the $ 1,540 billion inflow in 2019. If this happens, this will be the first time since 2005 that FDI in countries of the world will fall below the one thousand billion dollar mark for the first time.

FDI inflows into developing countries of Asia are projected to decrease by 45 percent in 2020 due to the Corona virus epidemic. FDI in countries of South Asia is also expected to decline during 2020.

This post was published on June 16, 2020 2:37 pm

Content Team

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