Foreign Direct Investment to India decreased to 40 billion dollars last year from 44 billion dollars in 2016 while outflows from India, the main source of investment in South Asia, more than doubled, according to a new trade report by the UN.
According to the World Investment Report, 2018 by the UN Conference on Trade and Development (UNCTAD) global foreign direct investment flows fell by 23 percent in 2017, to USD 1.43 trillion from USD 1.87 trillion in 2016.
Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
- FDI is an investment made by a firm or individual in one country into business interests located in another country.
- UNCTAD is the main United Nations body dealing with trade, investment, and development issues.
- Headquarters of UNCTAD is in Geneva, Switzerland.
Source- The Hindu Business Line