Consider the following statements with reference to World Investment Report 2021 India rsquo s ...........

Economic Affairs Foreign Investment

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Consider the following statements with reference to World Investment Report 2021

India’s FDI inflows decreased in 2020 along with the shrink in global investment flows.
The report is released by UN Conference on Trade and Development (UNCTAD)

Select the correct statement.

1 only

2 only

Both

None

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Explanation:

UN Conference on Trade and Development (UNCTAD) has released its World Investment report 2021

Key findings

India was 5th biggest recipient: India’s FDI rose 27% to $64 billion in a year when global investment flows shrank 35% to $1 trillion. This peculiar phenomenon happened due to the following reason:

Mergers and acquisitions (M&A), especially in the technology space due to increased demand for digital products and services.
India saw huge investments from overseas with major deals involving ICT (Implementation of information and Communication Technology), health, infrastructure, and energy.
India, China and Hong Kong were among the countries saw a rise in 2020.
FDI outflows from South Asia fell 12% to USD 12 billion, due to a drop in investment from India.

Hence only statement 2nd is correct.