India among top 10 FDI destinations in 2014 with $34 bn

f8gy1c8pAccording to the United Nations Conference on Trade and Development (Unctad) report India has for the first time moved to the top destinations for foreign direct investment (FDI) in 2014.

FDI inflows into India were $34 billion in 2014, up 22 percent from the previous year.

The report said India’s FDI inflows will continue to rise in 2015 as an expected economic recovery gained ground with various initiatives including investment from the growing automotive industry and the launch of the ‘Make in India’ campaign.

China, Hong Kong and the US accounted for the biggest share and others in the top 10 in 2014 were UK, Singapore, Brazil, Canada, Australia and the Netherlands.