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World|business|January 22, 2016 / 10:48 PM
FDI flows into India nearly doubled in 2015: UNCTAD

AKIPRESS.COM - Foreign Direct Investment flows into India nearly doubled in 2015 while the US emerged as the top host country for FDI last year, the UN's trade agency has said. Global FDI flows "unexpectedly" increased significantly by 36 per cent, according to the annual report of the United Nations Conference on Trade and Development.

"Global FDI unexpectedly increased significantly to USD 1.7 trillion and this is closer to the pre-crisis level and it is the highest since the global financial and economic crisis," said James Zhan, UNCTAD's Director of the Division on Investment and Enterprise.

Just ahead of the release of the report on global investment in 2015 and forecasts for 2016, Zhan yesterday said, "The bad news is that part of this global FDI are not really in the productive sector and is due for either inversion or corporate reconfiguration."

Developing economies, as a whole, saw their FDI reaching a new high of USD 741 billion -- 5 per cent higher than 2014, the report said. Asia remained the largest FDI recipient region in the world, surpassing half a trillion US dollars and accounting for one-third of the global FDI flows, it said.

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