Mumbai - India’s share in the global foreign direct investments (FDI) shrunk to 2.1 per cent in 2023 from a high of 6.5 per cent recorded in 2020, even as the nature of the overseas funds inflows in terms of sectors and states remained skewed, India Ratings and Research (Ind-Ra) said recently. According to the World Investment Report 2024 by UN Trade and Development (UNCTAD), India slipped to the 16th position in attracting FDIs in 2023 from the eighth position in 2022.
FDI inflow as a percentage of GDP too has dwindled . . .
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