India among top 20 sources of FDI

India is expected to secure a place for itself among the top 20 countries for outbound FDI by the end 2019, according to a survey of investment promotion agencies (IPAs) conducted by the United Nations Conference on Trade and Investment (UNCTAD). The report also adds that India and UAE are considered among the top 10 sources of FDI between 2019 and 2021. FDI outflows from India grew by over two times YoY in 2017 to reach US$ 11.3 billion. US and China top the list as most likely sources of FDI for IPAs followed by UK, Germany and France – were considered the next most important sources of FDI.