As per the UN Economic and Social Commission for Asia and the Pacific (ESCAP) report, FDI inflows to South and South-West Asia decreased by 6% in 2017 due to a drop in foreign funding flow to countries like India and Turkey.
According to the report, the foreign direct investment (FDI) inflow to South and South-West Asia stood at USD 63 billion in the last calendar year. India remains the largest investment destination in the subregion, largely due to its large and growing market and attracted USD 22 billion FDI in the first half of 2018.
Source- Business Standard
Static/Current Takeaways Important For IBPS Clerk Mains Exam 2018:
- The country slipped three notches to eleventh ranking in 2018, from 8th ranking in 2017 according to the AT Kearney FDI Confidence Index 2018.
- UNCTAD recorded a 9% drop in FDI in India in 2017.