New Delhi: The United Nations Conference on Trade and Development (UNCTAD) has revealed that India’s foreign direct investment (FDI) for the year 2014 rose by around 26 percent to an estimated USD 35 billion. According to reports, the UNCTAD, in its ‘Global Investment Trade Monitor’ report, on Thursday stated that India has seen its maximum growth in the services sector, including waste management and information and communication.
The top country on the list was China, which saw USD 128 billion coming in via FDI, with Hong Kong second, the US third, Singapore fourth and Brazil fifth. The report further stated that the worldwide average FDI inflows had declined by right percent due to ‘fragility of the global economy, policy uncertainty and geo-political risks’.
The highest FDI inflow India witnessed was for the year 2008, which saw investor infuse a reported USD 47 billion.
