The rate of foreign direct investment in India has increased even during the pandemic years.
The data released by the United Nations Conference on Trade and Development (UNCTAD) on Sunday shows that India's outlook was markedly different in 2020 when foreign direct investment (FDI) fell by 42% globally The countries with the largest declines in FDI were the United States of America, the United Kingdom, and Russia.
FDI in India grew by 13% in that year The digital sector has been the biggest beneficiary of this FDI in the Indian economy This growth has been particularly through the acquisition route The growth rate in that sector was 83% and the total investment was $27 billion Of this, 10% came from Facebook, which invested $5.
7 billion in Jio Platforms.
Similar progress has been made in China, where foreign direct investment has reached $163 billion The Wall Street Journal reports that China is outpacing the United States in attracting more foreign direct investment in many areas of trade and commerce.
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