Foreign Direct Investment(FDI) in India rose by 13 percent in 2020. The investments had a heavy swell because of the interest in the digital sector. Fund flows were “declined most strongly” in major economies such as the UK, the US, and Russia due to the COVID-19 pandemic, India and China bucked the trend, the UN has said.
The United Nations Conference on Trade and Development (UNCTAD) issued an ‘investment trends monitor’ on Sunday, that said global FDI collapsed in 2020 by 42 percent which estimates to $859 billion from $1.5 trillion in 2019.
“China was the world’s largest FDI recipient, with flows to the Asian giant rising by 4 percent to USD 163 billion. India, another major emerging economy, also recorded positive growth (13 percent), boosted by investments in the digital sector,” the report said.
