India’s FDI rank rises to 7th position despite falling inflows

United Nations Conference on Trade and Development (UNCTAD) in its latest World Investment Report projected India’s rank to be 7th among the top recipients of foreign direct investment (FDI) despite FDI inflows into the country declining.

FDI inflow into India declined to $45 billion in 2021 from $64 billion in the preceding year.

US ($367 billion) remained the top recipient of FDI, followed by China ($181 billion) and Hong Kong ($141 billion).

UNCTAD’s HQs: Geneva.