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Japan accounted for more than a tenth of India’s FDI under Abe’s tenure

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Prime Minister Narendra Modi with then Japan PM Shinzo Abe | File photo (PTI)
Prime Minister Narendra Modi with then Japan PM Shinzo Abe | File photo (PTI)

Shinzo Abe’s second run as Japanese prime minister saw investments account for more than ten per cent of India’s overall foreign direct investments (FDI) on more than one occasion. (Abe was prime minister from 2006 to 2007 and again from 2012 to 2020.)

Foreign Direct Investment inflows to India declined $19 billion to $45 billion in 2021 but the country still remained among the top 10 global economies for FDI last year, the United Nations said on Thursday.

According to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report, flows of foreign direct investment recovered to pre-pandemic levels last year, hitting nearly $1.6 trillion.

India, which had received $64 billion in FDI in 2020, recorded a decline in FDI inflows in 2021 at $45 billion. But India was still among the top 10 economies for FDI inflows in 2021, ranking 7th after the US, China, Hong Kong, Singapore, Canada and Brazil. South Africa, Russia and Mexico rounded up the top 10 economies for FDI inflows in 2021. (www.business-standard.com)

Wednesday, July 20, 2022 – 01:00











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