India receives $64b FDI in 2020: UN report ...United Arab Emirates

Delhi: India received $64 billion in Foreign Direct Investment in 2020, the fifth largest recipient of inflows in the world, according to a UN report which said the COVID-19 second wave in the country weighs heavily on the country's overall economic activities but its strong fundamentals provide 'optimism' for the medium term. The World Investment Report 2021 by the UN Conference on Trade and Development (UNCTAD), said global FDI flows have been severely hit by the pandemic and they plunged by 35 per cent in 2020 to $1 trillion from $1.5 trillion the previous year. Lockdowns caused by COVID-19 around the world slowed down existing investment projects, and prospects of a recession led multin

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