India dropped to the 15th spot in 2023 from the 8th position in 2022 in terms of FDI inflows

India dropped to the 15th spot in 2023 from the 8th position in 2022 in terms of FDI inflows.
Foreign Direct Investment (FDI) flows to India declined by 43% in 2023 to $28 billion.
India remained in the top five for both kinds of FDI—greenfield projects and international project finance deals.
In 2022, India’s FDI inflows had risen by 10 per cent to $49 billion.
India emerged as the fourth-largest host country for Greenfield project announcements in 2023.
France, Australia, China, the US and India registered the largest absolute drops in FDI inflows.
As per the UNCTAD, developed countries were strongly affected by the financial transactions of multinational enterprises.
In Asia, FDI fell by 8 per cent to $621 billion. China remains the second-largest FDI recipient in the world.
India along with Bangladesh, China, Singapore and Thailand released policies for supporting the banking industry..