India is the 10th major recipient of foreign direct investment
among developing countries but lags far behind neighbouring
China in terms of investment inflows, according to the
latest report of the United Nations Conference on Trade
and Development (UNCTAD).
inflows to India stood at $5.5 billion in 2004 while China
led the pack with $60.6 billion of FDI inflows, followed
by Hong Kong with $34 billion and Mexico with $18.7 billion,
the report said.
flows into the developing countries totalled $275 billion
in 2004 of which the top 10 cornered $189.8 billion.
did not figure among the top 10 developing countries with
the largest FDI inward stock. Inward stock of FDI in India
as a percentage of GDP, however, has risen to 5.9 per
cent in 2004, from just 0.5 per cent in 1990.
on the other hand, saw its FDI stock as a percentage of
GDP grow to 14.9 per cent in 2004, as against 5.8 per
cent in 1990, the report said.
Kong had an FDI stock of $456.8 billion, China $245.5
billion and Mexico $182.5 billion.