Global Investment Trend Monitor No.33 Released by UNCTAD
The Geneva-based intergovernmental body, United Nations Conference on Trade and Development (UNCTAD) released its ‘Global Investment Trend Monitor report No.33’ on Monday, 20th January 2020, under which it listed the countries on the basis of receipts of Foreign Direct Investment (FDI) and stated that due to weaker macroeconomic performances, the global Foreign Direct Investment (FDI) had declined by 1 percent in 2019 as compared to 2018 from USD 1.41 trillion to USD 1.39 trillion.
As per the report, the United States was the largest recipient of FDI in 2019 with the inflow of investments amounting to $251 billion. The second-largest recipient was China at $140 billion in 2019. India was also among the top 10 FDI recipients in 2019, which attracted investments worth $49 billion. This is 16% higher than the previous year’s FDI inflow of the country. The report also stated that the majority of India’s FDI inflow went to its service sector. United Kingdom’s Brexit unfold had led to a 6 percent decline in FDI in 2019 while Brazil’s privatization program has shown a 26 percent increase in FDI of the country.
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Month: Current Affairs - January, 2020