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India's FDI Inflows Rise To $ 28 Billion; BRICS Maintain Tempo

PUBLISHED BY: SURENDER KUMAR
JANUARY 29, 2014

   
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Foreign Direct Investment (FDI) inflows into India rose by 17 % to $28 billion (Re. 1,70,000 Crore) in 2013 despite unexpected outflows mid-way, says an UNCTAD report. Further, foreign direct investment across the world rose to unprecedented levels not seen since the 2008 global economic crisis. India ranks 16th in terms of getting the maximum FDI.


Global FDI increased by 11 % to $1.46 trillion (1 trillion = 1000 billion) in 2013, with the major share going to developing countries, says the report, which also projects the at $1.6 trillion in 2014. FDI inflows into developing economies reached $ 759 billion, accounting for 52 %, during the year.

The BRICS — Brazil, Russian Federation, India, China and South Africa — maintained their good performance in attracting FDI. Their current share of global FDI inflows at 22 % is twice that of their pre-crisis level.



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