Sign In
Learn bits
Index & Reports
Mahesh

07/07/23 06:28 AM IST

World Investment Report 2023

In News
  • Recently, the United Nations Conference on Trade and Development (UNCTAD) published its World Investment Report 2023.
Key Findings
  • India and ASEAN were the most buoyant recipients of the Foreign direct investment (FDI), with increases of 10 and 5%, respectively.
  • FDI inflows were higher in developing countries compared with those in developed economies.
  • China, the second largest FDI host country in the world, saw a 5% increase.
  • FDI in the Gulf region declined, but the number of project announcements increased by two thirds.
  • Inflows in many smaller developing countries were stagnant, and FDI to the least developed countries (LDCs) declined.
  • Much of the growth in international investment in renewable energy has been concentrated in developed countries.
  • The investment gap across all sectors of the Sustainable Development Goals has increased to more than $4 trillion per year from $2.5 trillion in 2015.
  • The largest gaps are in energy, water and transport infrastructure.
About UNCTAD
  • It is a permanent inter-governmental body established by the United Nations General Assembly in 1964.
  • It is responsible for dealing with development issues, particularly international trade.
  • Framing policies in various domains such as trade, technology, finance, aid, and transport are the most important priorities of UNCTAD.
  • The Conference ordinarily meets once in four years.
  • The second UNCTAD Conference took place in New Delhi, India in 1968.
  • Members: 195 countries
  • Headquarters: Geneva, Switzerland
  • Reports published by the UNCTAD: Trade and Development Report, The Least Developed Countries Report and Commodities and Development Report etc.
Source- Hindustan Times

More Related Current Affairs View All

17 Sep

Reasons Behind the heavy rain in Uttarakhand, Himachal

'Dehradun and several other districts in Uttarakhand have experienced very heavy rainfall over the past few days, triggering landslides in multiple areas and causing rivers to swel

Read More

08 Sep

Rajasthan’s coaching centre Bill

'The Rajasthan Coaching Centres (Control and Regulation) Bill, 2025, is a significant piece of legislation passed by the Rajasthan Assembly to regulate and oversee the state's burg

Read More

28 Aug

IADT-1

'Recently, the Indian Space Research Organisation (ISRO) successfully carried out its first Integrated Air Drop Test (IADT-1), a crucial milestone in the preparation for the countr

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps