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The funding to businesses in China saw the steepest fall among global peers, more than halving in 2022 as compared to 2021, according to market data platform Trancxn. The data released on Wednesday showed that from $98.3 billion in 2021, it fell to $44.6 billion in 2022. It was even below the pre-pandemic level of $59.4 billion. India had the second-highest fall in funding in 2022.
The total funding in India saw a fall of 33 per cent from $53.7 billion in 2021 to $35.6 billion in 2022. It was, however, up 56 per cent from 2019's total funding of