India ranks 10th in FDI inflows: UNCTAD report
As per the recently released 2016 World Investment Report, India ranks 10th in FDI (Foreign Direct Investment) inflows.
As per the report, India’s FDI inflows have increased to 44 billion dollars in 2015 as compared to 35 billion dollars in 2014.
Key highlights of the report
- Top 10 Countries are: United States, Hong Kong, China, Ireland, Netherlands, Switzerland, Singapore, Brazil, Canada and India.
- United States with 380 billion dollars FDI inflows has topped the list.
- China with FDI inflows at 136 billion dollars (more than three times India’s FDI) in 2015 was ranked third.
- Globally, the FDI activity has increased by 38%,signalling revival in investment sentiments is on the cards.
- In terms of FDI outflows, there has been a decline in most developing and transition regions. However, in this case China is one of the exceptions.
- Striking the right balance between regulation and liberalization to promote investment for sustainable development is also highlighted.
- Liberalization measures have been applied by eliminating or relaxing entry requirements in financial services, aviation, mining and real estate.
- Restrictions, on the other hand, have been imposed on the national security and related reasons.
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Month: Current Affairs - June, 2016