CURRENT AFFAIRS

Detailed explanation-1: -India has become the second-largest source of foreign direct investment (FDI) in the United Kingdom. According to the new data released by the UK government in Department for International Trade (DIT) inward investment statistics for 2019-2020, India invested in 120 projects and created 5, 429 new jobs in the UK.

Detailed explanation-2: -India has remained the second largest investor in the UK for another year as revealed in the UK’s Department for International Trade Foreign Direct Investment (FDI) 2021/22 figures.

Detailed explanation-3: -USA is India’s second biggest investor with FDI of $10.5 billion, with 18 per cent of total FDI.

Detailed explanation-4: -The country through which UK companies invested the most into the UK in 2020 was the United States (Figure 3), which accounted for one-fifth of the UK round-tripping value. The other nine countries in the top 10 for round-tripping accounted for a further three-fifths of the total round-tripping value.

Detailed explanation-5: -Japan moved up one position from 2018 to be the top investing country in 2019 with a position of $619.3 billion, moving the United Kingdom ($505.1 billion) to second. Canada ($495.7 billion) and Netherlands ($487.1 billion) switched places as the third and fourth largest investing countries.