The Global Foreign Direct Investment inflows continue to slide in this year but expected to recover by 2011. According to World Investment Report 2009 released on Thursday in New Delhi said that FDI inflows will fall from about 1.7 trillion US dollars in 2008 to below 1.2 trillion dollar in 2009. The report says the recovery is expected to be slow in 2010 but gathering momentum in 2011 by 1.8 trillion dollars. However, in India the FDI inflow has been surged to 42 billion US dollar in 2008 with respect to 25 US billion dollars in 2007. It also says India has also slipped to third position from the second one in the list of most preferred FDI locations. In India, FDI growth has been significant in service sector, manufacturing, steel and large mining and metal companies. The report says that FDI can provide much needed funding and expertise for agriculture in developing countries. It says stimulus that is crucial for the productive capacity and output at a time of continuing global concern about agricultural output in poorer countries. br/
News On AIR | September 17, 2009 2:56 PM
FDI expected to recover by 2011