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Mahesh

11/06/22 14:10 PM IST

India 7th in FDI inflows: Unctad

In News 
  • As per UN report, India received USD 64 billion in foreign direct investments (FDI) in 2020. It has emerged the fifth largest recipient of FDI inflows across the world.
Major Highlights 
  • India is ranked seventh despite a 30% decline in foreign direct investment (FDI) into the country.
  • The United States ($367 billion) remained the top recipient of FDI.
  • China ($181 billion) and Hong Kong ($141 billion) also retained second and third position respectively.
  • Among the top 10 host economies, only India saw a decline in its inflows.
  • However, outward FDI from India rose 43 per cent to $15.5 billion in 2021.
About UNCTAD 
  • It is a permanent intergovernmental body established by the United NationsGeneral Assembly in 1964.
  • It is part of the UN Secretariat.
  • It reports to the UN General Assembly and the Economic and Social Council, but has its own membership, leadership, and budget.
  • It is also a part of the United Nations Development Group.
Source- Times of India 

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