Investment flows to India may dip in 2020: UNCTAD
4 years, 6 months ago

Investment flows to India may dip in 2020: UNCTAD

Live Mint  

Foreign direct investment into India may shrink sharply in 2020 because of coronavirus and the consequent lockdown, supply chain disruptions and economic slowdown after jumping over 20% to $51 billion in 2019, according to the United Nations Conference on Trade and Development. According to the latest ‘World Investment Report’ by UNCTAD, India jumped from 12th position in 2018 to 9th in 2019 on the list of the world’s top FDI recipients. Positive, albeit lower, economic growth in the post-pandemic period and India’s large market will continue to attract market-seeking investments to the country,” UNCTAD report added. The report said India’s most sought-after industries, including professional services and the digital sector, could see a faster rebound as global venture capital firms and technology companies continue to show interest in India’s market through acquisitions.

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