India among top 10 global economies for FDI in 2021, despite a decline: UN
- IBEF
- June 13, 2022
Despite a decline, India remains among the top ten economies in the world in terms of foreign direct investment (FDI) in 2021, according to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report. Inflows of FDI into India have decreased by US$ 19 billion to touch US$ 45 billion in 2021, putting it in seventh place globally after the US, China, Hong Kong, Singapore, Canada and Brazil.
108 new international project finance deals were announced in India over the past year, compared with 20 projects on average for the last 10 years, with the largest number of 23 projects being in renewable energy. Large projects include the construction of a steel and cement plant in for US$ 13.5 billion by ArcelorMittal Nippon Steel (Japan), and the construction of a new car manufacturing facility by Suzuki Motor (Japan) for US$ 2.4 billion.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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