August 15, 2016

Claim: In terms of foreign direct investment our country happens to be the most favourite destination in the world today.

Fact: False. India ranked 10th in foreign direct investment by value in 2014 and 2015, according to World Investment Report, 2016.

Link: https://www.narendramodi.in/preliminary-text-of-prime-minister-shri-narendra-modi-s-address-to-the-nation-from-the-ramparts-of-the-red-fort-on-the-70th-independence-day-511827

Explanation: In 2014, China, Hong Kong and United States were ranked highest in terms of foreign direct investment by value, according to World Investment Report, 2016. In 2015, United States, Hong Kong and China ranked highest. India ranked 10th in both years.

Source:

https://unctad.org/en/PublicationsLibrary/wir2016_en.pdf