♦ According to  the United Nations Conference on Trade and Development (UNCTAD) report, India moved up a notch in countries’ rankings for FDI inflows to hit the 15th spot in 2024.

♦ Foreign Direct Investment (FDI) into India remained unchanged year-on-year in 2024 at $28 billion even as global FDI flows dropped 11 percent.

♦ In 2023, FDI inflows into India had plummeted 43 percent in 2023 to $28 billion. 

♦ India is ranked fourth in terms of greenfield project announcement numbers, the same as the previous year (2023).

♦ However, it slipped to the fifth position in international project finance (IPF) deals in 2024 with 97 deals, after recording the second highest number of deals in 2023.

♦ The United States ($279 billion) retained its top position for FDI inflows, followed by Singapore ($143 billion) and Hong Kong ($126 billion), which moved up one place each in 2024.

♦ China slipped to the fourth spot last year from the second biggest FDI magnet destination with its inflows dropping to $116 billion from $163 billion in 2023.