FDI News: Foreign investment in the country has come down in 2021. The trade body of the United Nations has said that in 2021, foreign direct investment (FDI) in India has been 26 percent less. The major reason for the decrease in foreign investment is that like 2020, big merger and acquisition deals were not seen in 2021.
According to the Investment Trend Monitor of the United Nations Conference on Trade and Development (UNCTAD), “FDI inflows into India remained low by 26 per cent as M&A deals that were signed in 2020 did not happen in 2021.” FDI in India grew by 27 per cent to $64 billion in 2020 from $51 billion in 2019. The report said that the second wave of Kovid-19 had a great impact on India’s economic activity and due to the second wave in April 2021, greenfield projects in India contracted by 19 percent to $ 24 billion.
According to the report, global foreign direct investment increased by 77 percent in 2021 to an estimated $1650 billion from pre-Kovid-19 levels, from $ 929 billion in 2020. UNCTAD Secretary-General Rebecca Grinspan said investment flows to developing countries are encouraging, but stagnation in new investment in industries in least developed countries is a major concern. The report said that there has been the biggest jump in FDI in developed economies and FDI here reached an estimated $ 777 billion in 2021, which is three times compared to 2020.
FDI inflows to developing economies grew by 30 per cent to about $870 billion, while in South Asia it fell by 24 per cent to $54 billion in 2021. FDI in the US increased by 114 percent to $323 billion. James Jhan, director of investment and enterprise at UNCTAD, said new investment in manufacturing and global value chains (GVCs) remained low as the world grapples with the global pandemic and another reason for this was escalating geopolitical tensions.
read this also
Gift of tablet to the students of this state, public will get subsidy on petrol, know who will benefit
Budget 2022: Economy still needs more support, imposition of property tax in the budget will hurt – SBI Report
(This is an auto-generated article from syndicated news feed. TEAM BEPINKU.COM may not have modified or edited the article).