The FDI inflows into India have been robust over the past few years. According to estimates by the Ministry of Commerce and Industry, FDI inflows in the past seven years (2014-2021) stood at $440.27 billion, which is nearly 58 per cent of the total FDI inflows in the past 21 years.
The Russia-Ukraine war has led to greater uncertainty in the world and could possibly increase home bias among developed-country investors. More capital is likely to be invested in the US and Europe rather than in third world countries.
However, of the capital that does get invested abroad — both in terms of FII (foreign institutional investment) and FDI (foreign direct investment) — after the war, India could become a more attractive investment destination due to its democracy, foreign policy, internal stability, steps towards reducing the cost of doing business, and commitment to cutting carbon emissions.
Once the war is over, among other factors, India can be seen as a more attractive investment destination as it is a democracy. In addition, India is geo-strategically placed to be a counterbalance to China in this region. India is working towards improving the environment for investors, and further reforms will help make it more attractive.
On the other hand, the curtain will come down on the activities of Expo 2020 Dubai – the world’s largest cultural gathering of 182 days, on March 31, with a closing ceremony that will dazzle the world at the central Al Wasl Plaza. On Tuesday, March 22, the organisers announced that 20,819,155 physical visits have been recorded. Expo 2020 has also conquered the virtual world, with over 197 million online visits registered. Expo 2020 Dubai organisers have also revealed the details of the closing ceremony and said that children will lead the way as the curtain comes down on the six-month event.
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