Unctad gives India No. 4 ranking in FDI in Asia

The United Nations’ Conference on Trade and Development (Unctad) said on Wednesday that India is among the ‘‘dominant host co...

The United Nations’ Conference on Trade and Development (Unctad) said on Wednesday that India is among the ‘‘dominant host countries’’ for foreign direct investments (FDI) in Asia and the Pacific (APAC), which witnessed a ‘‘mild upturn’’ in inflows last year.

While APAC countries received $107 bn FDI over 2003, up from $94 bn in 2002, India was among the ten Asia-Pacific economies that accounted for a lion’s share, UNCTAD said in its latest World Investment Report (WIR).

Research and Information Systems (RIS) director general Nagesh Kumar said on the report, ‘‘If India had been following international norms in classifying FDI, the figures would have been far more, perhaps up to $7 bn.’’

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He said fresh inflows, reinvestments and borrowing by foreign subsidiaries from parent companies should be classified as FDI as well, whereas India only takes into account new inflows.

The pattern of FDI inflows was uneven across nations, dependent largely on rates of growth, political situations and policy environments, UNCTAD said, classifying India among China, Hong Kong, Singapore and Korea in terms of inflows.

Sushila Karki: Nepal’s first woman CJ — and now potentially its first woman PM

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Nepalese jurist Sushila Karki, known for her anti-corruption stance, is a strong contender for interim prime minister. Despite lacking political experience, she has gained support from Gen Z protesters. The recent protests were triggered by a social media ban, but issues of corruption, economy, and joblessness have been simmering. Karki could make history as Nepal's first female prime minister.

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