India received USD 64 billion in Foreign Direct Investment in 2020, as per World Investment Report 2021 by the UN Conference on Trade and Development (UNCTAD) that was released on June 21, 2021. This makes India the fifth-largest recipient of inflows in the world.
The UN report though stated that the COVID-19 second wave weighs heavily on the country's overall economic activities but its strong fundamentals provide "optimism" for the medium term.
UN report on Global FDI flows
The World Investment Report 2021 noted that the global FDI flows have been severely hit by the pandemic and they plunged by 35 percent in 2020 to USD 1 trillion from USD 1.5 trillion in 2019.
The report stated that the lockdowns imposed around the world due to COVID-19 slowed down the existing investment projects and the prospects of a recession led multinational enterprises (MNEs) to reassess new projects.
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