World Investment Report 2019: UNCTAD
According to the World Investment Report 2019, released by United Nation Conference on Trade and Development (UNCTAD), Foreign Direct Investment (FDI) inflows to India grew by 6% to USD 42 billion in 2018. India was ranked among the top 20 host economies for FDI inflows in 2017-18.
Key Findings of Report
FDI to India: It grew by 6% to $42 billion in 2018 saw strong inflows in manufacturing, financial services sectors, communication and cross-border merger and acquisition activities.
FDI inflow to South Asia: It increased 3.5% to $54 billion dollars. It highlighted that the prospects for FDI inflows into South Asia are largely determined by expectations of growing investment into India. India has historically accounted for 70% to 80% of inflows that came to the South Asian region. Among other countries in South Asian region, FDI flows to Sri Lanka and Bangladesh rose to record level, to $1.6 billion and $3.6 billion respectively, but Pakistan witnessed a 27% decline in investment to $2.4 billion.
It was established in 1964 for integrated treatment of trade and development and related issues in areas of investment, finance, technology, enterprise development and sustainable development. It is organ of UN General Assembly (UNGA). There are 195 members in UNCTAD. Its mandate is to maximize trade, investment and development opportunities of developing countries and assist them in their efforts towards integrating into world economy on an equitable basis without any bias.
Month: Current Affairs - June, 2019
Category: Reports & Indexes Current Affairs