UNCTAD’s World Investment Report 2024: India’s FDI Inflows Drop by 43%

Current Context: According to the United Nations Conference on Trade and Development (UNCTAD's) World Investment Report 2024, India's foreign direct investment (FDI) inflows witnessed a significant decline in 2023.

• Here's a breakdown of the key points:
• Decrease in FDI: There was a 43% drop in FDI inflows to India compared to 2022, bringing the total down to $28 billion.
• Global Trend: This decline is part of a larger global trend, with overall FDI flows falling by 2% in 2023.
• Ranking Drop: Due to the decrease, India's ranking in global FDI recipient countries fell from 8th in 2022 to 15th in 2023.
• The report attributes the decline to various factors including:
• Slowing global economic growth
• Rising geopolitical tensions
• Uncertain future prospects
• However, there is a possibility of modest growth in FDI for India in 2024, as per the report.

Question:

1 According to the United Nations Conference on Trade and Development (UNCTAD)'s World Investment Report 2024 What was India's ranking in global FDI recipient countries in 2023 after the decline?

• A) 10th
• B) 12th
• C) 15th
• D) 18th

Answer: C) According to the United Nations Conference on Trade and Development (UNCTAD)'s World Investment Report 2024, India's ranking among global FDI recipient countries fell from 8th in 2022 to 15th in 2023.