India falls in global FDI ranking; inflows drop 43% to $28 billion
The decline in FDI inflows to South Asia is mostly explained by a 43% decrease in India, while flows to other countries remained relatively stable, says UNCTAD
The decline in FDI inflows to South Asia is mostly explained by a 43% decrease in India, while flows to other countries remained relatively stable, says UNCTAD
India has become an increasingly attractive location for multinationals across a wide range of industries, says US-based global ratings agency
Among sectors, the software industry has received the maximum 23% of the total followed by the services sector
RBI says $30.4 bn worth of foreign exchange reserves were depleted in Q2 vs an accretion of $31.2 bn a year before. FDI inflows at $20 bn in H1 marginally declined from $20.3 billion a year before.
Foreign direct investments (FDI) are still highly skewed in terms of states and sectors.
PM Modi says India has set a target of becoming a developed nation by 2047 so it's crucial that investment and India's inspiration come together.
India received FDI of $84.8 billion in FY22, despite the impact of the pandemic and geo-political developments on investment sentiment.
India received 27.01% of FDI inflows from Singapore, followed by 17.94% from the US in FY22.
India witnessed a flurry of 108 new FDI deals in 2021, compared with an average of 20 in the last 10 years, says UNCTAD.
China ranks 20th with only 0.43% share in total FDI equity inflow reported in India during the period of April 2000 to December 2021.