Reply #65: India slips on global FDI chart from 8th to 14th slot

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http://timesofindia.indiatimes.com/business/india-business/India-slips-on-global-FDI-chart-from-8th-to-14th-slot/articleshow/9376533.cms

NEW DELHI: India slipped from being the 8th largest recipient of foreign direct investment (FDI) in 2009 to the 14th largest in 2010, according to a UN report released on Tuesday. This happened because FDI flows into India dipped from $36 billion in 2009 to $25 billion last year even as global FDI flows recovered from the post-meltdown $1.19 trillion to $1.24 trillion.

The World Investment Report 2011, brought out by the United Nations Conference on Trade and Development (UNCTAD), expressed the hope that global FDI flows would recover to near pre-crisis levels this year and projected them to touch somewhere between $1.4 trillion and $1.6 trillion. That would still be below the $1.74 trillion recorded in 2008.

However, the WIR warned that the global business environment remains uncertain. Risk factors such as a possible widespread sovereign debt crisis, fiscal and financial sector imbalances in some developed countries as well as inflation and signs of overheating in major emerging market economies could derail the projected FDI recovery, the report said.