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India outdo China in FDI inflows for first time in 20 years

Dec 28, 2018 11:59 IST

With Walmart to Unilever investing in the Indian market, the country for the first time in 20 years outdid China to attract more foreign direct investments. In 2018, India saw 38 billion dollars of foreign inflows compared to 32 billion dollars flowing into China. India's FDI was the highest ever with 235 deals inked in the current year. India's surge in attracting foreign investments is attributed to stable fundamentals, implementation of bankruptcy code and to China's ongoing trade standoff with United States.