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What is the News?
The United Nations Conference on Trade and Development(UNCTAD) has released the World Investment Report.
What are the key findings of the report?
Global findings
The United States ($367 billion) remained the top recipient of FDI in 2021. It was followed by China ($181 billion) and Hong Kong ($141 billion).
FDI Inflows recovered to pre-pandemic levels in 2021 hitting nearly USD 1.6 trillion.
However, the prospects for 2022 are grimmer as it will be impacted by the security and humanitarian crises caused by the Ukraine war, macroeconomic shocks set off by the conflict, energy and food price hikes and by increased investor uncertainty.
Findings related to India
India jumped one position to 7th among the top recipients of foreign direct investment (FDI) in 2021 despite FDI inflows into the country declining.
Note: The FDI inflows into India declined to $45 billion in 2021 from $64 billion in the preceding year as large mergers and acquisitions, especially in the digital space were not repeated in 2021.
India’s FDI inflows in 2021 were the lowest since 2018, outflows were up by 43% at around $16 billion.
Source: The post is based on the article “India 7th in FDI inflows: UNCTAD” published in TOI on 10th June 2022.
