India continues to be among the top ten countries in terms of foreign direct investment (FDI) inflows globally Report United Nations Conference for Trade and Development (UNCTAD). It is the fourth country in the developing Asia, as per the report.
India’s FDI inflows have increased to $44 billion in 2015 as compared to $35 billion in 2014, and the growth has been across the board, the report further stated.
A surge in investments in the first four months of 2016 is mainly on account of the Make in India initiative, alongside liberalization measures and reforms initiated by the National Democratic Alliance.
It makes India an attractive investment decision, according to Nagesh Kumar, who heads the South, South-West Asia office of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP).
The huge potential offered by India, is the main reason of the boost in the fastest growing country, he added. To be sure, China with more than three times India’s FDI at $136 billion in 2015 is ranked third in terms of FDI flows among all countries, as per the report.
In terms of outflows, there has been a decline in most developing and transition regions. However, China is one of the exceptions. Globally, FDI activity has increased by 38%, in a signal that a revival in investment sentiments is on the cards.