Key Points
New Delhi: Foreign Direct Investment (FDI) in developing countries in Asia remained flat at $662 billion during 2022, as compared to the previous year, despite clocking about half of global inflows, according to UNCTADs World Investment Report 2023, which was released on Wednesday...
However, overall global FDI declined by 12% to $1.3 trillion in 2022 after a strong rebound in 2021 following the steep drop induced by the coronavirus pandemic in 2020, the report stated..
Among the developing countries in Asia, incoming FDI was highly concentrated in a few countries, namely, China (and Hong Kong), Singapore, India, and United Arab Emirates (UAE), which together accounted for about 80% of inflows into the region..
Meanwhile, developing countries, including India, which have attracted FDI in clean energy to the tune of $544 billion in 2022, need renewable energy investments to the tune of $1.7 trillion annually..
FDI flows to developed economies declined and developing countries accounted for two thirds of global FDI in 2022, with Latin America and the Caribbean experiencing a significant increase," the report said, adding that FDI inflows in least developed countries fell by 16%..
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05, Jul, 23FDI inflows were higher in developing countries compared with those in developed economies. Globally, FDI declined 12% to $1.3 trillion in 2022 after a strong rebound in 2021 following the steep drop due to the coronavirus pandemic, according to the report.