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Foreign Direct Investments (FDI) into India rose 13 per cent in 2020, backed by investments into the digital sector, said a report by the United Nations Conference of Trade and Development (UNCTAD).</p>
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The growth in FDI into India was witnessed despite a slump in investments into other developing economies. FDI flows to developing economies decreased by 12 per cent to an estimated $616 billion and they accounted for 72 per cent of global FDI, the highest share on record, the UNCTAD report said.<br />
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In a tweet UNCTAD said: &quot;China and India were two major outliers in a gloomy year for foreign direct investment. The two nations recorded positive FDI growth in 2020 even as global levels sunk to lows not seen since the 1990s.&quot;<br />
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Global FDI collapsed in 2020, falling 42 per cent from $1.5 trillion in 2019 to an estimated $859 billion, according to the UNCTAD Investment Trends Monitor.<br />
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Such a low level was last seen in the 1990s and is more than 30 per cent below the investment trough that followed the 2008-2009 global financial crisis.<br />
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Despite projections for the global economy to recover in 2021, albeit hesitant and uneven, UNCTAD expects FDI flows to remain weak due to uncertainty over the evolution of the Covid-19 pandemic.<br />
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The organisation had projected a 5-10 per cent FDI slide in 2021 in last year&#39;s World Investment Report.<br />
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&quot;The effects of the pandemic on investment will linger,&quot; said James Zhan, director of UNCTAD&#39;s investment division. &quot;Investors are likely to remain cautious in committing capital to new overseas productive assets.&quot;</p>
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<em>(IANS)</em></p>
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