India has joined new phase as it joined top outbound FDI club. Examine.
In 2018, India bagged the tenth rank as the largest recipient of FDI. The inflows of FDI have grown by 6 percent. As per the latest World Investment Report 2019 which was released by the UN Conference on Trade and Development, India has maintained its record of attracting nearly 70-80 percent FDI which is directed towards South Asia. India is now considered as the top 10 vital sources of FDI for 2019-2021. Although India is still behind on a global stage, yet it has made a significant beginning in the right direction. It should now focus on both the monetary and strategic aspects. The Indian government also has to open its door a bit more as international commerce is not a one-way street by opening more sectors to FDI.
Topics: GS-III: Investment Models