13 JUN,2022 | MEDC
Rising FDI inflows: India moved up one position to 7th among the top recipients of foreign direct investment (FDI) in the last calendar year (2021), according to the latest World Investment Report released by the United Nations Conference on Trade and Development (UNCTAD). This occurred despite investment falling to $ 45 billion in 2021 from $ 64 billion a year earlier. That is good news, because what matters is not absolute numbers but relative global ranking. According to UNCTAD, despite high profits, investments by MNCs in new overseas projects were still 20% below pre-pandemic levels. For emerging economies, the level of greenfield investments remained unchanged. MNCs based in the USA targeted India in 8% of their global deals, mostly buying minority stakes to gain access to both local markets and indigenous innovative solutions. India is on track to being a rapidly growing major economy in the post-pandemic period, and such indications point to it.
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