FDI inflows to South and South-West Asia decreased by 6 per cent in 2017 due to a drop in foreign funding flow to countries like India and Turkey, a United Nations report said Wednesday.
As per the UN Economic and Social Commission for Asia and the Pacific (ESCAP) report, the foreign direct investment (FDI) inflow to South and South-West Asia stood at USD 63 billion in the last calender year.
"This relatively modest performance was due to a drop in FDI inflows in South-West Asia, including India and Turkey," it said.
The report noted that while India remains the largest investment destination in the subregion, largely due to its large and growing market and attracted USD 22 billion FDI in the first half of 2018, the country slipped three notches to eleventh ranking in 2018, from 8th ranking in 2017 according to the AT Kearney FDI Confidence Index 2018.
This is the first time it has fallen out of the top 10 since 2015, said the 'Asia-Pacific Trade and Investment Report (A
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