FDI to India Drops by 43% in 2023, Ranked 15th Globally: UNCTAD

• According to the United Nations Conference on Trade and Development (UNCTAD), foreign direct investment (FDI) to India in 2023 decreased by 43% compared to 2022, dropping India’s rank to 15th among global FDI recipients. This decline mirrors a global trend where overall FDI fell by 2%.
• FDI to developing countries fell by 7% to $867 billion, with developing Asia seeing an 8% drop to $621 billion. Notably, FDI to China, India, West Asia, and Central Asia also declined. India’s FDI inflow in 2023 was $28 billion, down from $49 billion in 2022, resulting in its global FDI recipient ranking falling from 8th to 15th.
• Despite the decline, India remained a significant player in attracting FDI for greenfield projects and international project finance deals. It ranked fourth in greenfield project FDI announcements and retained the second position for FDI in international project deals. However, India’s FDI outflows, which refer to investments by Indian companies abroad, saw an improvement, with the country ranking 20th, up from 23rd in 2022.

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Published date : 27 Jun 2024 10:51AM