The 222-page report reveals that global flows of foreign direct investment (FDI) came at $1.3 trillion in 2018, falling 13% in their third consecutive year of decline. This is indeed a welcome development even as FDI inflows into India are far from meeting its current and future needs. India is far from acquiring the money and the muscle to play big as yet on the global outward FDI platform. India can use its expertise in space, heavy engineering and software as barter for a favourable treatment for its investments in foreign countries. A global play is an ever evolving game of chess — tactics and strategy go hand in hand.

Source: Mint June 13, 2019 13:30 UTC