India received 4.6-per cent of FDI flows to developing world in 2011: report

FDI inflows into India stood at $31.55 billion in 2011, forming 4.6 per cent of the foreign direst investment (FDI) flows into developing countries.

Developing economies together attracted FDI totalling $684.40 billion in 2011, according to the UNCTAD's World investment Report, 2012.

China received the highest FDI worth $123.99 billion (18.11 per cent) of the total, followed by Hong Kong, China $83.16 billion, Brazil $66.66 billion, Singapore $64.00 billion, British Virgin Islands $53.72 billion, India $31.55 billion, Mexico $19.55 billion, Indonesia $18.91 billion and Chile $17.30 billion, according to the report.

FDI inflows to India at $31.55 billion during 2011, however, was higher compared to FDI inflows of $24.16 billion in 2010, according to the UNCTAD report.

Global FDI inflows rose 16 per cent in 2011, surpassing the 2005-2007 pre-crisis level for the first time, despite the continuing effects of the global financial and economic crisis of 2008-2009 and the ongoing sovereign debt crises.

This could be attributed to higher profits of transnational corporations (TNCs) and relatively high economic growth in developing countries during the year, the report said.