tirsdag 16. februar 2021

Can Modi beat China in the FDI game?

India has registered FDI growth every financial year since 2015-16, with FDI equity inflows reaching a milestone US$500 billion for the period between April 2000 and September 2020. Despite a raging global pandemic and crippling lockdowns across the world, the country received more than US$30 billion in FDI in the first half of the financial year ending March 2021.

While FDI globally fell by about 42 per cent last year from 2019 due to the pandemic, India and China bucked the trend, with FDI inflows rising by 13 per cent and 4 per cent respectively, according to the latest figures from the United Nations Conference on Trade and DevelopmentChina remains the world’s largest FDI recipient, attracting US$163 billion last year, while India drew investments chiefly in the digital sector.