The United Nations said on Thursday that foreign direct investment (FDI) in India is set to decline by $19 billion to $45 billion in 2021.
The United Nations said on Thursday that foreign direct investment (FDI) in India is set to decline by $19 billion to $45 billion in 2021. However, despite this, the country remains in the top 10 global economies in terms of FDI.
The United Nations said on Thursday that foreign direct investment in India (FDI) In 2021, $ 19 billion has come down to $ 45 billion. However, despite this, the country is among the top 10 global economies in terms of FDI. (economy) Built in. According to the World Investment Report of the United Nations Conference on Trade and Development (UNCTAD), FDI at the global level improved last year. Epidemic-East (Covid-19 Pandemic) level and has been around $1,600 billion. However, this year the prospects regarding FDI are not good. FDI in 2022 and onwards Russia-Ukraine war (Russia Ukraine War) Because of the security and humanitarian crisis, it will be affected by macroeconomic shocks, rising energy and food prices, and investor uncertainty.
According to the report, India had received foreign direct investment of $ 64 billion in 2020. This has come down to $45 billion in 2021. But, despite this, India is included in the 10 major countries in terms of FDI. India ranks seventh after the US, China, Hong Kong, Singapore, Canada and Brazil. South Africa, Russia and Mexico are also among the top 10 countries in terms of getting FDI.
Many agreements were made at the international level
The report said that even though FDI inflows have come down to $45 billion, there have been many deals on new international project finance. Under this, agreements have been signed for 108 projects. Whereas, in the last 10 years, its number was on an average 20. Most of the agreements have been signed on 23 projects in the renewable energy sector.
Apart from this, major projects include ArcelorMittal Nippon Steel setting up a steel and cement factory in India with an investment of $13.5 billion and Suzuki Motor’s construction of a new car manufacturing plant with an investment of $2.4 billion. At the same time, FDI in South Asia, mainly from India, grew 43 percent to $ 16 billion.
According to the report, the Russo-Ukraine war will have far-reaching implications in terms of economic growth in all countries and international investment towards the Sustainable Development Goals (SDGs). This situation has arisen at a time when the world was recovering from the effects of the corona pandemic.
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