India needs to strike the right balance between goods and capital imports from China, said the Economic Survey 2023-24, highlighting how the country can take advantage of the China-plus-one strategy.
India’s foreign direct investment fell to its lowest level in five years at $71 billion in FY24, according to data released by the ministry of commerce.
India slipped seven ranks to 15 in the World Investment Ranking in 2023 as FDI inflows fell 43 percent, a report released by the United Nations Conference of Trade and Development on June 20 showed.
The country ranked second with 163 international project deals signed in 2023, with the US leading the league at 334.
In terms of greenfield projects, India was ranked fourth with 1,058 projects, after the US, UAE and the UK.
India moved up the ranks in terms of outflows as well, with the country ranking 20th in 2023 compared with 23rd a year back. Outflows increased to $15 billion from $13 billion in the previous year.
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