Enhancing India CARIFORUM Economic Relations and Prospects for Cooperation

Share (% 2019)

Year

2008

2015

2019

Haiti

29.8 56.5

105.7

75.0 32.6 30.6

1.0% 0.5% 0.4% 0.1% 100%

Dominica Saint Lucia Suriname

12.9

161.2 -231.4

114.4 266.7

7.2

Total

10229.4

5711.7

7197.6

Source: UNCTAD FDI Data; India Exim Bank Analysis

FDI Inflows- Top Sectors The top FDI attracting sector in the CARIFORUM region is hotels and tourism, which absorbed 22 percent of total FDI inflows into the region during the period April 2003 to December 2019. The other important sectors during the same period were metals (15.6 percent of the total inflows), coal, oil and gas (12.5 percent), communication (10.3 percent), and real estate (7.8 percent). Together these five sectors attracted over 68 percent of total FDI inflows into the region during the aforementioned period (Figure 11) .

Figure 11: Top Sector Attracting FDI in the CARIFORUM Countries (2003-2019)

Source: fDI Markets; India Exim Bank Analysis; Data Ranging from January 2003 to December 2019 Note: FDI Markets tracks cross-border investment in a new physical project or expansion of an existing investment which creates new jobs and capital investment. This data differs from official data on FDI flows as company can raise capital locally, phase their investment over a period of time, and can channel their investment through different countries for tax efficiency.

Investment Scenario in the CARIFORUM Countries

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