India achieved a stunning 85.1% increase in foreign direct investment flows in 2008, the highest increase across all countries, even as global flows declined by 14.5%, says the findings of the UNCTAD study – Assessing the impact of the current financial and economic crisis on global FDI flows. The study, which updates the organisation’s January assessment, estimates that the FDI investments into India went up from $ 25.1 billion in 2007 to $ 46.5 billion in 2008 even as global flows declined from $ 1.9 trillion to $ 1.7 trillion during the period. It also cautions of a further decrease in FDI flows in 2009 as the full consequences of the crisis on transnational corporations’ (TNCs) investment expenditures continue to unfold. India’s achievement in mobilising FDI is all the more significant because the inflows into the developed countries have declined by 25.3% in 2008. In contract the overall FDI flows to developing countries increased by 7.2% in 2008.