India Saw Its FDI Inflows Zoom By 27 Per Cent From $51 Billion In 2019 To $64 Billion In 2020: UN ReportPrime Minister Narendra Modi with Finance Minister Nirmala Sitharaman.

As per the UN Conference on Trade and Development (UNCTAD)'s World Investment Report 2021, India received $64 billion in foreign direct investment (FDI) in 2020 which made it the fifth-largest recipient of inflows in the world, reports Business Standard.

India saw its FDI inflows surge by 27 per cent to $64 billion in 2020 from $51 billion in 2019.

The report has also noted that though the COVID-19 pandemic's scathing second wave in the country weighs heavily on its overall economic activities, its strong fundamentals provide optimism for the medium term.

The report added that the FDI to India has been on a long-term growth trend and its market size will continue to attract market-seeking investments. In addition, investment into the ICT industry is expected to keep growing.

It should be noted that as per the UNCTAD report, global FDI flows were severely hit by the pandemic and that they fell by 35 per cent in 2020 to $1 trillion from $1.5 trillion in 2019. The report emphasised that lockdowns caused by COVID-19 around the world slowed down existing investment projects, and prospects of a recession led multinational enterprises (MNEs) to reassess new projects.


An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber