World Investment Report released by UNCTAD
On June 16, 2020, the United Nations Conference on Trade and Development released its World Investment Report, 2020. According to the report, India is the 9th largest recipient of FDI in 2019.
Key Findings: India
According to the report, the FDI of India has increased from 42 billion USD in 2018 to 51 million USD in 2019. In the region of Asia, India was among the top 5 countries.
The report says that the investments in Digital sector of India was highly promising. The investors of India in the first quarter of 2020 concluded deals that were worth of 650 million USD and majority of the deals were in digital sector.
Key Findings: World
The report said that the global FDI inflows are to decrease by 40% in 2020 as compared to 2019. This is the first time since 2005 the global FDI falls below 1 trillion USD mark. The FDI of developing economies in Asia are to hit hard and decline up to 45% in 2020.
The FDI inflows in South Asia increased by 10%. The growth in the investment was driven largely by the growth of India.
Month: Current Affairs - June, 2020