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India, China lead developing nations in FDI inflow: UNCTAD
By agencies
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Thursday, 29 September 2005, 19:30 IST
NEW DELHI: FDI inflow to the developing world surged by 40 percent at $233 billion in 2004 driven largely by an increase in registered Greenfield projects, half of which is accounted by India and China, UNCTAD said today.
At $648 billion, world FDI inflows were 2 percent higher in 2004 compared to the previous year, but developed countries as a group experienced a 14 percent drop in their inward FDI, 'World Investment Report 2005' brought out by the United Nations Conference on Trade and Development (UNCTAD) said.
As a result, the share of developing countries in world FDI inflows was 36 percent, the highest level since 1997.
Asia and Oceania were again the top destinations of FDI flows to developing regions, attracting $148 billion, which is $46 billion more than in 2003 marking the largest increase ever, the report said.
South Asia, with India at the forefront, received $7billion of FDI, it said.