World Investment Report 2023
2023 JUL 7
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Economic Development > Indian Economy and Issues > Reports and indices
Why in news?
- The United Nations Conference on Trade and Development (UNCTAD) has published its World Investment Report 2023.
About World Investment Report:
- The World Investment Report has been published annually since 1991.
- It covers the latest trends in foreign direct investment around the world.
- UNCTAD publishes World Investment Report.
Key findings of the World Investment Report 2023
- Globally:
- The global FDI fell by 12% in 2022 to $1.3 trillion mainly due to overlapping global crises: the war in Ukraine, high food and energy prices, and soaring public debt.
- The decline was felt mostly in developed economies where FDI fell by 37% to $378 billion.But flows to developing countries grew by 4% with a few large emerging countries attracting most of the investment while flows to the least developed countries declined.
- Investments in renewables have nearly tripled since 2015.But most of the money has gone to developed countries.
- India:
- India was the third largest recipient of foreign direct investment (FDI) in Greenfield projects in the world in 2022.
- The FDI flows into India rose 10 percent from $44.7 billion in 2021 to $49.3 billion in 2022.
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International project finance is when international lenders provide debt or equity to infrastructure projects in various countries.
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- However, the total FDI inflows to India in 2022 were still lower than what was recorded in 2020, when India received $64 billion of foreign investments.
- India was also the second-largest recipient of international project finance in the world in 2022.
PRACTICE QUESTION:
World Investment Report is published by:
(a) United Nations Conference on Trade and Development
(b) International Monetary Fund
(c) World Bank
(d) World Economic Forum
Answer
