FDI flows into India rose 10% to $49 billion in 2022

Foreign Direct Investment (FDI) flows into India rose by 10% to $49 billion in 2022, making it the third largest host country for announced greenfield projects and the second largest for international project finance deals, according to a report released by United Nations Conference on Trade and Development (Unctad).

Amid declining trends in global FDI, India stayed at eighth position in terms of FDI inflows, the latest World Investment Report by the Unctad said.

The report said that outward investment by Indian multinational enterprises (MNEs) fell by 16 per cent to $15 billion in 2022. “However, greenfield project announcements by Indian MNEs more than tripled to $42 billion. Two of the largest greenfield projects were in renewables, with Acme Group announcing a $13 billion plant in Egypt to produce 2.2 billion tonnes of green hydrogen annually, and ReNew Power announcing that it will set up a $8 billion green hydrogen plant in the Suez Canal Economic Zone,” it added.