According to a report released by the United Nations Department of Commerce, countries including China and India have made significant strides in attracting FDI over the past year. India has received $ 51 billion of FDI. This is up from $ 42 billion in 2018.
In 2018, India was ranked 12th in the list of 20 Most Important Economic Countries in the World. Currently it is ranked 9th. India is in the top 5 years of FDI inflow into the Asian continent. The total foreign direct investment of the Asian continent is $ 474 billion. This is 5 percent lower than the previous year. However, foreign investment by Southeast Asian countries, India and China have improved.
But as the global economy is crippled by the corona’s impact, the FDI estimate for the Asian continent for 2020 is estimated to be 40 percent lower than the previous year.
But India, which has the highest FDI in South Asian countries, has a 70 per cent share. South Asia’s foreign investment rose 10 percent to $ 57 billion. India’s foreign investment is up 20 per cent to $ 51 billion. Meanwhile, Greenfield investment announcements fell 4 percent.
However, the United Nations says India is a key market for continued investment compared to other countries. In FY 2019, the world’s total foreign direct investment (FDI) was estimated at $ 1.54 trillion. It is projected to decrease by 40 per cent by 2020. In 2005, the world’s total FDI was less than $ 1 trillion. Since then, the biggest drop in the current year.
India will play an important role in the post-corona global economy. The report noted that India has the potential and potential for long-term growth.
According to the report, $ 650 million worth of contracts has been signed in the first quarter of 2020. The majority of the investment is made in the telecommunications and communications sectors and the construction sector.