India sees 43% decline in FDI inflows in 2023, drops to 15th spot

India sees 43% decline in FDI inflows in 2023, drops to 15th spot

Daily Current Affairs / India sees 43% decline in FDI inflows in 2023, drops to 15th spot

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Category : Business and economics Published on: June 24 2024

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According to the UNCTAD report, Foreign Direct Investment (FDI) in India declined by 43% in 2023 compared to 2022.
Globally, overall FDI declined by 2% during the same period, with FDI inflows leading to a significant reduction in FDI inflows to countries such as China, France, Australia and the USA.
The World Investment Report 2024 highlights several factors behind the decline in global FDI, including uncertain global growth prospects, economic fracturing trends, trade and geopolitical tensions, industrial policies, and supply chain diversification.
According to UNCTAD's World Investment Report, the top ten FDI recipient countries in 2023 were led by the United States with $311 billion, followed by China with $163 billion, Singapore with $160 billion, and Hong Kong (China) with $113 billion. India is ranked 15th, receiving $28 billion in FDI.

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