Context: Recently, the United Nations Conference on Trade and Development (UNCTAD) has released a report on Foreign Direct Investment (FDI).
- India received 51 billion US dollar in foreign investment in 2019, making India 9th largest recipient of FDI in 2019.
- In the developing Asia region, India was among the top five host economies for FDI.
- FDI to India, the largest South Asian recipient, increased 20 per cent to 51 billion US dollar and sustaining the country’s upward FDI trend.
UNCTAD is a permanent intergovernmental body and the part of the United Nations Secretariat dealing with trade, investment, and development issues.
Aim: to maximize the trade, investment and development opportunities of developing countries and assist them in their efforts to integrate into the world economy on an equitable basis.
Head: Secretary-General, Mukhisa Kituyi
Parent organization: United Nations General Assembly; United Nations Secretariat
Headquarters: Geneva, Switzerland
Formation: 30 December 1964