According to a UN survey inflows declining to US $25 billion as against US $36 billion last year
New Delhi: India's ranking on the list of countries attracting the highest foreign direct investment (FDI) in 2010 fell to 14th position with inflows declining to US $25 billion as against US $36 billion last year, according to a UN survey released on Tuesday.
The US tops the list of countries with overseas fund inflows at US $228 billion, followed by the Chinese mainland, which attracted inflows of US $106 billion, and Hong Kong at US $69 billion. Belgium was the fourth largest FDI inflow destination at US $62 billion.
According to the UNCTAD's annual investment survey — World Investment Report 2011 —the FDI to South Asia declined to US $32 billion, reflecting a 31 per cent slide in inflows to India and a 14 per cent drop in flows to Pakistan.
India ranked fourth on the list of top 10 recipients and sources of FDI inflows in developing Asia in 2009 and 2010 behind China and Singapore.
In contrast, inflows to Bangladesh, a rising low-cost product location, increased by nearly 30 per cent to US $913 million, reports IANS.
"The desire to invest in India is still there but we need to put in a system to ensure that the deal that is given will stand for sometime," Research and Information System for Developing Countries Director General Biswajit Dhar said.
"We are rolling out a number of policies; we are also reviewing some of our FDI policy. For the moment investors will just wait and watch," Dhar, who was speaking on investor sentiments, added.
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