India’s FDI Inflows during the five fiscal years of the Modi Govt hit to $42 billions
15, Jun 2019
Prelims level : Mains level :
- India turned out to be the sub region’s largest recipient receiving foreign direct investments worth $42 billion in 2018.
- The investment in India billion with strong inflows in manufacturing, communication and financial services.
- According to the report, FDI inflows have increased by 3.5% to $54 billion.
- India attracted over 77% of the total foreign direct investments ultimately landed up to the South Asian region.
- The growth in India in cross-border merger and acquisitions (M&As) reached $33 billion in 2018 from $23 billion a year ago.
- Bangladesh and Sri Lanka rose to a record level, to $3.6 billion and USD 1.6 billion, respectively, while Pakistan witnessed a 27% decline in investment to USD 2.4 billion, the report read.
- Several countries adopted policy measures to promote and facilitate investment with India
- To amend the model concession agreement on public-private partnerships in the port sector.
- The report highlighted that of the 5,400 special economic zones (SEZs) in the world, more than 4,000 are in developing countries in Asia.
- China topped the list at 2,543 followed by Philippines (528),
- India with 373, Turkey – 102, Thailand – 74 Korea 47, Malaysia – 45.