Q. Which country is the largest recipient of Foreign Direct Investment (FDI) in 2019, according to the latest UNCTAD report?
Answer:
United States
Notes: The United Nations Conference on Trade and Development (UNCTAD) recently released its ‘Global Investment Trend Monitor report’ and listed the countries on the basis of receipts of Foreign Direct Investment (FDI).
As per the report, the United States was the largest recipient of FDI in 2019 with inflow of investments amounting to $251 billion. The second largest recipient was China at $140 billion in 2019. India was also among the top 10 FDI recipients in 2019, which attracted investments worth $49 billion. This is 16% higher than the previous year FDI inflow of the country. The report also stated that majority of India’s FDI inflow went to its service sector.