India received $64 billion in Foreign Direct Investment in 2020: UN
ECONOMY & POLICY

India received $64 billion in Foreign Direct Investment in 2020: UN

According to a UN report, India has received $64 billion in Foreign Direct Investment in the year 2020, which is the fifth-largest recipient of inflows in the world. The second wave of Covid-19 has weighed heavily on the country's overall economy, but its strong fundamentals provide optimism for the medium term.

On Monday, the UN Conference on Trade and Development (UNCTAD) released the World Investment Report 2021. The global FDI inflow has been hit severely due to the pandemic, and they plunged by 35% in 2020 to $1 trillion from $1.5 trillion last year, it said.

The report said that FDI in India has increased by 27% from $51 billion in 2019 to $64 billion in 2020. It was pushed up by acquisitions in the information and communication (ICT) sector, making India the fifth largest FDI recipient inflows of the world.

The Covid-19 pandemic boosted the demand for digital infrastructure and services. Due to which the greenfield FDI project announced targeting the ICT industry, raising over 22% to $81 billion.

The major announcements in the ICT industry include a $2.8 billion investment by Amazon in ICT infrastructure in India.

The greenfield project announcements in India contracted by 19% to $24 billion, and the second wave of the pandemic in April 2021 is affecting the economic activities, which could further lead to a larger contraction in 2021. Yet, the strong fundamentals provide optimism for the medium term. FDI's market in India will keep attracting market investments, and the investment in the ICT industry is expected to keep growing.

FDI inflow grew by 4% to $535 billion in 2020, making it the only region to have growth and increasing Asia's share of global inflows to 54%. In China, FDI inflow increased by 6% to $149 billion.

While Asia's economics as India and China recorded FDI growth in 2020, others recorded contractions, the report said.

FDI inflows in Asia are expected to increase in 2021, outperforming the other developing regions with a growth of 5% to 10%, the report added.

Image Source


Also read: FDIs in India rise 19% to $59.64 billion in FY21: Govt data

Also read: New FDI norms will help revive construction and infrastructure

According to a UN report, India has received $64 billion in Foreign Direct Investment in the year 2020, which is the fifth-largest recipient of inflows in the world. The second wave of Covid-19 has weighed heavily on the country's overall economy, but its strong fundamentals provide optimism for the medium term. On Monday, the UN Conference on Trade and Development (UNCTAD) released the World Investment Report 2021. The global FDI inflow has been hit severely due to the pandemic, and they plunged by 35% in 2020 to $1 trillion from $1.5 trillion last year, it said. The report said that FDI in India has increased by 27% from $51 billion in 2019 to $64 billion in 2020. It was pushed up by acquisitions in the information and communication (ICT) sector, making India the fifth largest FDI recipient inflows of the world. The Covid-19 pandemic boosted the demand for digital infrastructure and services. Due to which the greenfield FDI project announced targeting the ICT industry, raising over 22% to $81 billion. The major announcements in the ICT industry include a $2.8 billion investment by Amazon in ICT infrastructure in India. The greenfield project announcements in India contracted by 19% to $24 billion, and the second wave of the pandemic in April 2021 is affecting the economic activities, which could further lead to a larger contraction in 2021. Yet, the strong fundamentals provide optimism for the medium term. FDI's market in India will keep attracting market investments, and the investment in the ICT industry is expected to keep growing. FDI inflow grew by 4% to $535 billion in 2020, making it the only region to have growth and increasing Asia's share of global inflows to 54%. In China, FDI inflow increased by 6% to $149 billion. While Asia's economics as India and China recorded FDI growth in 2020, others recorded contractions, the report said. FDI inflows in Asia are expected to increase in 2021, outperforming the other developing regions with a growth of 5% to 10%, the report added. Image Source Also read: FDIs in India rise 19% to $59.64 billion in FY21: Govt data Also read: New FDI norms will help revive construction and infrastructure

Next Story
Products

Viva ACP Launches FR A1-Rated Honeycomb Panels for Fire Safety

Viva, Asia’s largest manufacturer and supplier of aluminium composite panels (ACP) introduced its FR A1-rated Honeycomb Panels, setting a new industry benchmark for fire safety and architectural excellence. Engineered to deliver exceptional performance, these panels combine advanced fire-resistance technology with aesthetic versatility, offering a revolutionary solution for safety-critical environments.The FR A1 rating represents the highest standard of fire resistance under the European Standard EN 13501-1, signifying non-combustibility and zero contribution to fire, smoke, or toxic emissio..

Next Story
Real Estate

Almal Real Estate Expands into Commercial, Global Markets

Almal Real Estate Development is soon to announce its upcoming expansion into new verticals and international markets as part of its strategic growth plans for 2030. The company, known for its innovative luxury residential and hospitality developments, is preparing to diversify into the commercial sector with the introduction of The Smart Space, a network of business centers in UAE featuring five-star amenities. Additionally, Almal is entering new markets in Bali and Thailand as a community developer, focusing on villa and townhouse projects.The expansion into the commercial real estate sector..

Next Story
Infrastructure Urban

NABARD Approves Rs 9.03 Billion for 127 Projects in Himachal

The Himachal Pradesh government has secured approval from the National Bank for Agriculture and Rural Development (NABARD) for 127 projects worth Rs 9.03 billion for the 2024-25 fiscal, Chief Minister Sukhvinder Singh Sukhu announced. During a meeting with MLAs from Kangra, Kullu, Kinnaur, Solan, Chamba, Bilaspur, and Lahaul-Spiti districts to discuss priorities for the 2025-26 budget, Sukhu said the approved projects include 50 MLA-priority schemes under the Public Works Department, valued at Rs 4.12 billion, and 23 MLA-priority schemes under the Jal Shakti Vibhag, costing Rs 1.79 billio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?