Foreign Direct Investment into India rose by 13 per cent in 2020, boosted by interest in the digital sector, and while fund flows declined most strongly in major economies such as the U.K., the U.S. and Russia due to the Covid-19 pandemic. India’s 13 per cent rise in FDI saw the total foreign investments for 2020 touching $57 billion, according to James Zhan, Director of the investments division of the United Nations Conference on Trade and Development, UNCTAD.
One of the major recipients of this investment was India’s largest telecom company, Reliance Jio. Energy companies were also beneficiaries.