India received USD 64 billion in direct foreign investment by 2020, the fifth largest receiver of the entrances in the world, according to UN Report, which said the wave of Covid-19 Second in the country weighs a lot in economic activities GENERALS OF THE COUNTRY, but its strong foundations provide “optimism” for the medium term.
The World Investment Report 2021 by the UN Conference on Trade and Development (UNCTAD), published on Monday, said the global flows of the IDF have been severely beaten by the pandemic and sank up by 35 percent by 2020 A USD 1 trillion USD 1.5 trillion of the previous year.
Blocks caused by Covid-19 around the world slowed down existing investment projects, and the prospects for a recession led multinational companies (EMN) to reevaluate new projects.
The report said in India, the FDI increased 27 percent to USD 64 billion by USD 51 billion in 2019, which rose by acquisitions in the information and communication technology industry (ICT) , which makes the country the fifth largest FDI receiver in the world. .
The pandemic promoted the demand for infrastructure and digital services worldwide. This led to higher values of Greenfield FDI projects aimed at the ICT industry, increasing by more than 22 percent to USD 81 billion.
The main advertisements of projects in the ICT industry included an investment of USD 2.8 billion per alma online retail Amazon Amazon in ICT infrastructure in India.
The report noted that the second wave of the BROTE COVID-19 in India weighs a lot in the general economic activities of the country.
Announced that Greenfield’s projects in India contracted by 19 percent to USD 24 billion, “and the second wave in April 2021 is affecting economic activities, which could lead to greater contraction in 2021”, He said, adding that the outbreak of India severely struck main investment destinations, such as Maharashtra, who houses one of the largest car manufacturing groups (Mumbai-Pune-Nasik-Aurangabad) and Karnataka (home of the Bengaluru Technology Center ), Facing another blockade from April 2.
“However, the strong foundations of India provide optimism for the medium term. The FDI to India has been in a long-term growth trend and its market size will continue to attract investments in search of a market. In addition, it is expected that it is expected that Investment in the ICT industry continues to grow. “The report said.
Manufacturing related to the country’s export, a priority investment sector will take more time to recover, but government facilitation can help. India’s production linking incentives scheme, designed to attract manufacturing investments and export orientation in priority industries, including automation and electronics, can boost a rebound in manufacturing.
The report said that the FDI in South Asia increased by 20 percent to USD 71 billion, led mainly by M & AS in India. “In the midst of India’s struggle to contain the outbreak of Covid-19, the robust investment through acquisitions in ICT (software and hardware) and construction reinforced the FDI,” said adding that M & A They ran from 83 percent to USD 27 billion, with important agreements related to ICT, health, infrastructure and energy. Large transactions included the acquisition of Jio de Jaadhu platforms, a sub ..
