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India's FDI rank rises to 7th position despite falling inflows: UNCTAD

Upmove despite investments falling to $45 bn in '21 from $64 bn a year earlier: UN

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Despite high profits, investment by multinational companies in new overseas projects were still one-fifth below pre-pandemic levels and for developing countries, the value of greenfield announcements stayed flat, the report said

Asit Ranjan Mishra New Delhi
India jumped one position to 7th among the top recipients of foreign direct investment (FDI) in the last calendar year (2021) despite FDI inflows into the country declining, according to the United Nations Conference on Trade and Development (UNCTAD).

In its latest World Investment Report released on Thursday, UNCTAD said FDI inflows into India declined to $45 billion in 2021 from $64 billion in the preceding year. While the United States ($367 billion) remained the top recipient of FDI, China ($181 billion) and Hong Kong ($141 billion) also retained second and third position respectively. Among the top 10 host economies, only

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First Published: Jun 09 2022 | 6:21 PM IST

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