After falling to the 16th spot in the Kearney's FDI Confidence Index 25-country list in 2019, this year, India has been excluded from the list altogether. On the other hand, the US retained its top spot for the eighth year in a row after dislodging China from the top ranking in 2013.
In 2017, India has made to the top-ten and was ranked eight. The following year, its ranking fell to the 11th position.
The countries that made it to the Kearney's FDI Confidence Index 2020 were:
- the US
- the UK
- New Zealand
- South Korea
- Taiwan (China)
China, Brazil and the United Arab Emirates were the only emerging markets to make the 2020 list, while the top ten positions remain largely unchanged except for Switzerland's entry and Singapore's exit.
The coronavirus pandemic has had a profound impact on investments as most countries had remained shut for a varying amount of time to control the outbreak.
"The lasting effects of the pandemic will profoundly reshape FDI flows in the coming years," the report noted adding that "the negative effects of COVID-19 on the investment environment are likely to be acute and long-lasting."