India slipped a rank to 10th place in the latest ranking of top foreign direct investment receiving countries for 2018, according to the World Investment Report of the United Nations Conference on Trade and Development.
India received $42 billion in FDI last year, a growth of 6%, the report said. China, which retained the No. 2 position, received the highest foreign inflows among developing countries at an all-time high of $139 billion, a growth of 4%. Manufacturing, communication and financial services were the top three recipients of inflows in India.