India pips global trend to register 26% FDI growth in 2014: UN
The Dollar Business Bureau Close to International Monetary Fund (IMF)’s report stating that India’s growth rate is expected to grow at 6.3 per cent in 2015 and 6.5 per cent in 2016, a latest report by United Nations (UN) says quoted, “India’s FDI increased by 26% in 2014 to an estimated US $35 billion with maximum growth in the services sector.” China toppled the US in 2014 as the world’s largest recipient of FDI — a position that the US had been holding almost consistently since the 1980’s — though with a modest increase of 3%, the latest ‘Global Investment Trade Monitor’ report released by United Nations Conference on Trade and Development said. The propping up of FDI in China is mainly ...
