India registered strong investment performance in 2023; headwinds in China from struggling property sector: UN
The Hindu
India registered strong investment performance in 2023, driven by government infrastructure projects and multinational investments, the United Nations has said while noting that investment prospects in China face “headwinds” from a struggling property sector.
India registered strong investment performance in 2023, driven by government infrastructure projects and multinational investments, the United Nations has said while noting that investment prospects in China face "headwinds" from a struggling property sector.
The UN World Economic Situation and Prospects (WESP) 2024 report, launched on January 4, said that investment has been more resilient in developing economies than in developed economies.
Investment in South Asia, particularly in India, remained strong in 2023.
Also Read: Indian economy outperforming peers; projected to grow at 6.2% in 2024: United Nations
“Investment prospects in China face headwinds from a struggling property sector, though government-led infrastructure investments are partially offsetting the shortfall in private investments. In contrast, India registered strong investment performance in 2023, driven by government infrastructure projects and multinational investments,” the report said.
Among the developing regions, Africa, Western Asia and Latin America and the Caribbean continue to struggle with high borrowing costs and other challenges that hinder investment growth.
The report noted that India is benefiting from growing interest from multinationals, which see the country as a key alternative manufacturing base in the context of developed economies’ supply chain diversification strategies.
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