India receives 64 billion dollars in Foreign Direct Investment in 2020

India received 64 billion dollars in Foreign Direct Investment in 2020, the fifth largest recipient of inflows in the world, according to a UN report.

The report said, in India, Foreign Direct Investment increased 27 percent, to 64 billion dollars in 2020, from 51 billion dollars in 2019, pushed up by acquisitions in the information and communication technology industry.

The World Investment Report 2021 by the UN Conference on Trade and Development released today, said global Foreign Direct Investment flows have been severely hit by the pandemic and they plunged 35 percent in 2020, to 1 trillion dollars from 1.5 trillion dollars the previous year.