Srinagar: India witnessed a 13% year-on-year rise, the highest among key nations, in FDI inflows in 2020, according to the latest UNCTAD report. The total quantum of FDI inflow stood at $57 billion.
While China’s FDI rose 4% in 2020, in absolute terms, the country remained way ahead, with an inflow of as much as $163 billion. Inflows into India were boosted by those into the digital sector, the report said. Analysts have pointed out that a sizable chunk of these was drawn by Reliance Jio alone.
India and China were two major exceptions in a gloomy year for foreign direct investment (FDI ), as global inflows plunged 42% on year in 2020 to $859 billion, the lowest level since the 1990s,
The UK and Italy saw an over 100% crash each in FDI inflows, followed by Russia (96% drop), Germany (61%), Brazil (50%), the US (49%), Australia (46%) and France (39%).
The UNCTAD report also warned that uncertainty about the Covid-19 evolution will continue to hamper global FDI inflows in 2021, “threatening sustainable recovery prospects”.
Developing economies drew as much as 72% of global FDI in 2020 – their highest share on record. Asian nations did particularly well, attracting $476 billion in FDI last year.
134050 207421Oh my goodness! a amazing post dude. Thank you Even so I is going to be experiencing concern with ur rss . Dont know why Can not subscribe to it. Will there be any person getting identical rss problem? Anybody who knows kindly respond. Thnkx 464754