CURRENT AFFAIRS

Detailed explanation-1: -India was the 9th largest recipient of FDI in 2019, with 51 billion dollars of inflows during the year. India received USD 51 billion in foreign investment in 2019 and was the world’s 9th largest recipient of foreign direct investments (FDI) in 2019, according to a report by the UN’s trade body.

Detailed explanation-2: -The United States took the leadership position as the largest recipient of foreign direct investment in 2019 and consolidated that position in 2020, mainly driven by higher direct investments from Japan, Germany, and the Netherlands.

Detailed explanation-3: -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-4: -Singapore is ranked one FDI provider to India. The small island nation has invested $15.9 billion in FY22 which is accounted for 27 per cent of India’s total FDI received. USA is India’s second biggest investor with FDI of $10.5 billion, with 18 per cent of total FDI.

Detailed explanation-5: -UNCTAD World Investment Report (WIR) 2022 has ranked India at 7th rank among the top 20 host economies for 2021, in terms of FDI. In 2021, FDI inflows increased from USD 74, 391 million in FY 19-20 to USD 81, 973 million in FY 20-21.