In: Economics
Use the United National Conference on Trade and Development FDI Database to research the foreign direct investment profile of a country or region of your choice. 250 characters
Answer) The nation that I chose is India. As per United Nations conference on trade and development (UNCTAD), India has a GDP of $2.61 trillion dollars in 2018. India is one of the fastest emerging economies in the world.
India had FDI of about $64.4 billion during the same period. Most of the FDI made in India is from Singapore, particularly in the software service sector. Other sector like business, finance, automobile and construction are also gaining considering momentum in terms of FDI inflows.
India is also making FDI in the neighbouring South east nations like Nepal, Bhutan and Bangladesh in order to focus on the neighborhood first policy. For instance, India is helping in the construction of housing and rehabilitation facility for the rohingyas in the region of Bangladesh and Myanmar.
FDI is a capital instrument that represents the occurrence of trade in contemporary times. In the era of globalization, FDI is vital to enhance the prosperity of nation in the global arena.