New Delhi, Dec 10 (PTI) The foreign direct investment flows (FDI) into developing countries including India, is expected to recover over the next couple of years and is projected to increase by 17 per cent in 2010, a World Bank report said.

The report -- World Investment and Political Risk -- which was launched by the World Bank's Multilateral Investment Guarantee Agency (MIGA) said the net FDI inflows into the developing countries is projected to touch USD 416 billion in 2010, up from its 2009 level of USD 354 billion.

Overall, FDI inflows to the developing world continues to be "overwhelmingly" concentrated in middle-income countries, with Brazil, the Russian Federation, India, and China (BRIC) alone absorbing about half, the report said. Foreign direct investment recovery expected as flows to developing countries increase and concentrate in middle income economies. Foreign direct investment into developing countries is projected to recover with a notable increase in net FDI inflows in 2010 over 2009; however, these inflows remain overwhelmingly concentrated in middle income economies, with the BRIC group together absorbing about half of the developing country total.