United Nations' trade agency UNCTAD says, Foreign Direct Investment (FDI) inflows into India nearly doubled to 59 billion dollars in 2015. According to the annual report of the United Nations Conference on Trade and Development released yesterday, global FDI flows increased significantly by 36 per cent. This comes to an estimated 1.7 trillion dollars, their highest level since the financial crisis of 2008-09.Developing economies, as a whole, saw their FDI reaching a new high of 741 billion US dollars, which is 5 per cent higher than 2014, the report said. Asia remained the largest FDI recipient region in the world, surpassing half a trillion US dollars and accountingfor one-third of the global FDI flows, it said. The US bounced back as the top host country for FDI in 2015 with FDI worth 384 billion US dollars, the report said. The US is followed by Hong Kong, China, Netherlands, the UK, Singapore and India as the top FDI host economies of the world. FDI flows are expected to decline in 2016, mainly owing to the fragile global economy, the UNCTAD report said
News On AIR | January 21, 2016 7:23 AM
FDI flows into India nearly doubled in 2015: UNCTAD