India experienced a significant downturn in foreign direct investment (FDI) in 2023, plummeting by 43% to $28 billion from $49 billion the previous year, as per a UN report. This decline dropped India’s global FDI rank from 8th to 15th place. Globally, FDI decreased by 2% to $1.3 trillion, with notable declines in France, Australia, China, the US, and India. Developing Asia, including China, saw an 8% drop in FDI. The report highlights challenging global investment conditions due to economic uncertainties, trade tensions, and shifting industrial policies influencing multinational enterprises’ investment strategies in 2024.
Global FDI in India Plummets by 43% in 2023
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