A UN report said, Foreign Direct Investment to India grew by 6 percent to 42 billion dollars in 2018, with strong inflows in the manufacturing, communication and financial services sectors, and cross-border merger and acquisition activities. The report ranked India among the top 20 host economies for FDI inflows in 2017-18.
The World Investment Report 2019, released by the UN Conference on Trade and Development (UNCTAD) yesterday said, Foreign Direct Investment inflows to South Asia increased 3.5 percent to 54 billion dollars.
The report added that India has historically accounted for 70 to 80 per cent of inflows to the subregion. Further, the growth in cross-border Merger & Acquisitions for India to 33 billion dollars in 2018 was primarily due to transactions worth 16 billion dollars in retail trade, which includes e-commerce, and telecommunication.