India fourth largest FDI recipient in Asia, tenth in World – UNCTAD Report
- Organ of the United Nations General Assembly dealing with trade, investment, and development issues
- Goals: Maximize the trade, investment and development opportunities of developing countries and assist them in their efforts to integrate into the world economy on an equitable basis.
- Formation – 1964
- Headquarters – Geneva, Switzerland
Switzerland based United Nations Conference on Trade and Development (UNCTAD) released the World Investment Report stated that India is the fourth largest recipient of Foreign Direct Investment in Asia and ranked tenth Position in World.
UN Economist said that involvement of India in Foreign Direct Investment is likely to reachUSD 60 billion in 2016
Economist & Head, UNESCAP’s South and South-West Asia Office – Nagesh Kumar
- About 28% rise in Foreign Direct Investment to USD 44.20 billion in 2015
- It is expected that Foreign Direct Investment to reach USD 60 billion in 2016
- Enhancement in FDI due to large increase of Greenfield investments in Manufacturing Industries and total inflows to South Asia increased by 22% to 50 billion Dollar
- Sources of Foreign Direct Investment were Singapore, Mauritius, the US, the Netherlands, Japan, Germany, the UK, China, Hong Kong and the United Arab Emirates
- Singapore and Mauritius majority accounted for nearly 60% of total FDI
- India is maintaining inflows from developed countries such as Europe and United States
- The decline in commodity prices and concerns of over volume in Steel Industries affected the Indian cooperation and ability to invest abroad