FDI Flow In India: Releasing the data in UNCTAD's World Investment Report-2023 released on Wednesday, it has been said that in 2022, FDI in India increased by 10 percent, while it increased by 5 percent in China and 8 percent in Singapore. Foreign direct investment has also increased by 10 percent in the United Arab Emirates (UAE).
"India remains the fastest growing economy in the world and the world has appreciated the country's forward steps. Now another good news has come for the Indian economy. India in terms of foreign investment Has left behind all the big countries of the world including America, China, Britain. In fact, in the latest report of the United Nations Conference on Trade and Development (UNCTAD's), it has been said that in the year 2022, Foreign Direct Investment (FDI) in India will increase by 10%. per cent has increased, while its flow to developed countries has decreased by 37 per cent.
So much foreign investment came in India
According to UNCTAD's report released on Wednesday, in the year 2022, India has left behind all the countries in terms of Foreign Direct Investment (FDI), FDI in the country increased by 10 percent to $ 49 billion. Interestingly, the decline in overall FDI flows was mostly seen in advanced economies, where FDI fell by 37 per cent to $378 billion in 2022 compared to a year ago. According to the report, through foreign investment, India has now become the third largest country to announce new projects globally and the second largest in terms of international project finance deals.
China-Singapore also lagged behind India
The World Investment Report-2023 states that after registering a huge decline in FDI during the outbreak of the Corona virus epidemic in 2020, a strong situation was seen in the year 2021. But in 2022, once again the total global FDI inflow has come down by 12 per cent to $1.3 trillion. Where 10 percent FDI came in India, in China it increased to $ 189 billion with an annual increase of 5 percent. Apart from this, foreign investment increased by 8 percent in Singapore and reached $ 141 billion, while in the United Arab Emirates (UAE) it increased by 10 percent to $ 23 billion.
80% FDI in five countries
Last year in 2022, the five countries which received the highest foreign direct investment (FDI) include China, Hong Kong, Singapore, India and the United Arab Emirates (UAE). Overall, about 80 percent of the investment has come in this sector. According to the report, the biggest reason for the increase in foreign investment in India is that the country is rapidly moving forward on the path of development. The central government is increasing its investment in infrastructure. It said that the impact of the Russia-Ukraine war last year, the rise in energy prices including food items and the increase in public debt have led to a decline in global FDI.
Investment in energy system is important
In UNCTAD's new World Investment Report-2023, Secretary-General Rebecca Grynspan has said that a significant increase in investment in sustainable energy systems in developing countries is important to reach the world's climate goals by 2030. It has been told in the report that other developing countries, including India, have attracted FDI of $ 544 billion in clean energy in 2022 and they need renewable energy investment of $ 1.7 trillion annually.
