Consider the following statements regarding World Investment Report 2019 1 World Investment Report i...........

Economic Affairs Foreign Investment

Consider the following statements regarding World Investment Report, 2019:

1. World Investment Report is released by the World Economic Forum.

2. India’s rank as a source country for FDI has decreased.

3. India received foreign direct investments worth USD 42 billion in 2018.

Which of the above statements are correct?

1, 2 and 3

1 and 3 only

2 and 3 only

1 and 2 only

Explanation :

According to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2019, India received foreign direct investments worth USD 42 billion in 2018. India attracted over 77% of the total foreign direct investments that came to the South Asian region. Hence, statement 1 is NOT correct while statement 3 is correct.
In South Asia, overall, FDI inflows increased by 3.5% to $54 billion. The prospects for FDI inflows into South Asia are largely determined by expectations of growing investment into India Investment in India rose by 6% to USD 42 billion with strong inflows in manufacturing, communication, financial services and cross-border merger and acquisition activities. However, India’s rank as a source country for FDI fell one notch to the 10th position as it was overtaken by Spain. Hence, statement 2 is correct.