FDI is a major driver of economic growth and a source of non-debt finance for the economic development of the country.
In terms of growth, however,
FDI to the manufacturing sector were down by 78 percent from last year's record.
Goyal also said that
FDI inflows have been consistently rising over the years.
Reis (2001) investigated the effects of
FDI on economic growth when investment returns were repatriated.
FDI from China, despite being the highest during the 11 months at $495.7m, was less than one third of the inflows noted in the same period last fiscal year when the country had received $1.828bn.
The
FDI into the MEA by project numbers increased 7% year-on-year to 1,253 in 2018 with capital investment expanding 14%.
The 'Top
fDi Performers 2018,' published by the Financial Times'
fDi Intelligence magazine is based on data compiled by
fDi Markets, the world's leading online platform that monitors capital flows and new
FDI projects around the world, and
fDi Benchmark, which identifies the best
FDI destinations based on comparison of latest
FDI data.
The report highlighted that Dubai has dominated global
FDI rankings throughout 2018, followed by London, Paris, Dublin and Singapore, as the leading city globally in foreign direct investment (
FDI) in 2018.
'
FDI is one way to expose the Bhutanese economy to the outside world and create employment as well train and develop the country's human resources.' Lyonpo added that since Bhutan will be graduating from the Least Developed Country category, the 12th Five Year Plan focuses on diversification of the economy.
'The drop in world GDP by 13.8 basis points shaved Philippine
FDI flows by 0.1 percent of GDP.
The third consecutive drop brings
FDI flows back to the low point reached after the global financial crises.
Similarly,
FDI from United Arab Emirates (UAE) also surged to $49.2 million in Jul-Dec (2018-19) from $16.2 million in same period of the year 2017-18, the data revealed.
