CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the rank of India in the recent UNCTAD World Investment Report?
A
5th
B
7th
C
9th
D
11th
Explanation: 

Detailed explanation-1: -Key Findings of the WIR 2022. UNCTAD World Investment Report (WIR) 2022 has ranked India at 7th rank among the top 20 host economies for 2021, in terms of FDI.

Detailed explanation-2: -Singapore, the USA, Mauritius, Netherland, and Switzerland have emerged as the top five countries for FDI equity inflows into India in FY22, the Ministry of Commerce & Industry said in a statement on Thursday.

Detailed explanation-3: -India’s economic growth is expected to decline to 5.7 per cent this year from 8.2 per cent in 2021, citing higher financing cost and weaker public expenditures, according to the forecast by the United Nations Conference on Trade and Development (UNCTAD) Trade and Development Report 2022.

Detailed explanation-4: -While the United States ($367 billion) remained the top recipient of FDI, China ($181 billion) and Hong Kong ($141 billion) also retained second and third position, respectively. Among the top 10 host economies for FDI, only India saw a decline in its FDI inflows.

Detailed explanation-5: -According to the latest recent government data, Gujarat attracted FDI flows totaling $30.6 billion between October 2019 and September 2022. Gujarat also claimed the top spot in the Export Preparedness Index in 2021, with exports totaling US$1.21 billion.

There is 1 question to complete.