India leads regional inflow of Foreign Direct Investment (FDI) in South Asia accounting for $34 billion investment during 2014 and the upward trend is likely to continue this year also, says a UN report, which placed China as the world's largest FDI recipient.
"FDI inflows to the country (India) surged by 22% to about $34 billion," improving its position to 9th top host country for FDI in 2014, over its rank of 15th in 2013, the UNCTAD's World Investment Report 2015 says. India is likely to maintain an upward trend as <g data-gr-id="14">economy</g> recovery gains ground, the report says.
FDI inflows to South Asia rose to $41 billion in 2014, primarily owing to <g data-gr-id="13">good</g> performance by India, it says.
"In terms of <g data-gr-id="10">sectoral</g> composition of FDI flows, manufacturing is likely to gain strength, as policy efforts to revitalise industrial sector are sustained," the report says.