India registers 16 per cent growth in FDI investments to $49 billion in 2019: UN Report
While a great many motivated ‘intellectuals’ are busy reinforcing a sense of gloom and doom regarding the Indian economy, a recently released United Nations report suggests otherwise. India was one of the top 10 recipients to attract Foreign Direct Investment(FDI) in 2019, revealed a UN report on Monday.
The United Nations Conference on Trade and Development (UNCTAD) commissioned Global Investment Trend Monitor report stated that India was one among the top 10 beneficiaries of Foreign Direct Investment(FDI) and saw about 16 per cent growth as compared to previous year, attracting $49 billion inflows in 2019. The report also stated that the global foreign direct investment stayed lacklustre in 2019 at $1.39 trillion, a 1 per cent decline from the revised $1.41 trillion in 2018.
The report cited the looming threats of trade war, slackening macroeconomic performance and policy indecision as primary reasons for the tepid FDI investments last year.