India's FDI increased by 26 per cent in 2014 to an estimated 35 billion US dollar with maximum growth in the services sector, despite the decline in global Foreign Direct Investment inflows. This was revealed in the latest 'Global Investment Trade Monitor' report released by United Nations Conference on Trade and Development (UNCTAD) yesterday.Maximum growth was noticed in services sector especially in electricity, gas, water, waste management and information and communication, the report said. This figure is one of the highest in recent years, though in 2008 FDI peaked in India with 47 billion dollars followed by 35.6 billion dollar in 2009. James Zhan, Director of Investment and Enterprise, at UNCTAD said, India is still a bright spot for FDI despite a global decline. It is at a significant historical high though not at the highest level of investment.China toppled the US in 2014 as the world's largest recipient of the FDI — a position that the US had been holding almost consistently since the 1980's — though with a modest increase of 3 per cent. The top five FDI hosts in 2014 were China with 128 billion US dollar, followed by Hong Kong 111 billion dollar, the United States 86 billion, Singapore 81 billion dollar and Brazil 62 billion dollar. In 2014 global FDI inflows declined by 8 per cent to an estimated 1.26 trillion US dollar due to fragility of the global economy, policy uncertainty and geo-political risks," the UN report said.