Foreign Direct Investment (FDI) to India grew by 6 per cent to USD 42 billion in 2018, with strong inflows in the manufacturing, communication and financial services sectors, and cross-border merger and acquisition activities, according to an UNCTAD report.

The report added that India has historically accounted for 70 to 80 per cent of inflows to the sub-region. Further, the growth in cross-border M&As for India from USD 23 billion in 2017 to USD 33 billion in 2018 was primarily due to transactions in retail trade (USD 16 billion), which includes e-commerce, and telecommunication (USD 13 billion).

The report added that India and the UAE, not traditionally in the top 20 outward investor countries, were also considered as among the top 10 most important sources of FDI for the 2019 to 2021 period.

For the detailed UNCTAD Report, click here.