CURRENT AFFAIRS

Detailed explanation-1: -Global foreign direct investment (FDI) flows showed a strong rebound in 2021, up 77% to an estimated $1.65 trillion, from $929 billion in 2020, surpassing their pre-COVID-19 level, according to UNCTAD’s Investment Trends Monitor published on 19 January.

Detailed explanation-2: -UNCTAD’s World Investment Report 2022 shows that global foreign direct investment (FDI) grew 64% in 2021, reaching nearly $1.6 trillion. Explore the interactive chart below trends in FDI inflows and outflows in countries and regions between 1990 and 2021.

Detailed explanation-3: -India has recorded highest ever annual FDI inflow of USD 83.57 billion in the Financial Year 2021-22.

Detailed explanation-4: -India has attracted a total FDI inflow of $27.37 bn during the first four months of F.Y. 2021-22 which is 62% higher as compared to the corresponding period of F.Y. 2020-21 ($ 16.92 bn). India received the highest annual FDI inflows of $84,835 mn in FY 21-22 overtaking last year’s FDI by $2.87 bn.

Detailed explanation-5: -It may be noted that as per the UNCTAD World Investment Report (WIR) 2022, in its analysis of the global trends in FDI inflows, India has improved one position to 7th rank among the top 20 host economies for 2021.