UN Report: More Multinational Companies Eyeing India for Business Growth
Recently, The UN report says that big companies are seeing India as a good place to make stuff because other countries are trying to spread out where they get their things from.
Financing for Development Report 2024: Financing for Development at a Crossroads (FSDR 2024)’ showed that India has a strong investment environment, especially for foreign companies looking to team up and manufacture goods together.
According to Report also said:
- The development funding gap after COVID-19 is around $4.2 trillion annually.
- Urgent action is needed to fill this gap.
- India is attracting investments well despite the global investment slowdown.
- India’s progress in fintech, especially in digital payments, helps include more people in financial services.
- Fintech innovations make accessing financial services easier for individuals and small businesses.
- During COVID-19, fintech played a big part in quickly and safely distributing government support, showing its importance in responding to crises and helping the economy recover.
Amid escalating geopolitical tensions, climate-related disasters, and a global cost-of-living crisis, the report outlines significant challenges hindering progress across various development sectors. It underscored the adverse impact of these factors on healthcare, education, and other critical development objectives.
The report that India is doing great even when the world is uncertain. Foreign investors still like investing there, especially in South Asia. Big companies think India is important for making stuff, and even British defense companies are teaming up with Indian partners lately.
