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EY declared India as the most attractive destination for investment
Nov 26, 2013

EY's ninth bi-annual capital confidence barometer, based on a survey of 1,600 senior executives across more than 70 countries, has ranked India as the most attractive investment destination followed by Brazil, while China is at third place.

India has attained this position due to relaxation of a number of foreign direct investment (FDI) norms in various sectors earlier this year. 

Brazil is second in the rankings and China is third on the list, while the United States figures fifth in the list. Other nations in the top ten include Canada (4), South Africa (6), Vietnam (7), Myanmar (8), Mexico (9) and Indonesia (10).

The top three investing countries into India are the US, France and Japan. Foreign Direct Investments (FDI) from the US, France and Japan during the period April 2000 to August 2013 amounted to Rs. 53,673 crore, Rs. 17,718 crore and Rs. 71,870 crore, respectively.

The report highlights automotive, technology, life sciences and consumer products as the most lucrative sectors for FDI. The report also said that Indian corporate entities have started looking at developed markets for making acquisitions.

 


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