30.9.15

FDI hotspot


India has emerged on top of the foreign direct investment league table, overtaking China and the United States. A ranking of the top destinations for greenfield investment (measured by estimated capital expenditure) in the first half of 2015 shows India at number one, having attracted roughly $3 billion more than China and $4 billion more than the US, according to the Financial Times newspaper.
India has also moved up on the World Economic Forum's Global Competitiveness Index by 16 places to 55th position.
The two reports come as a shot in the arm for the Modi government which has taken several steps to attract foreign investment and has helped revive mood of investors since it came to power in May 2014.
The government has unveiled several initiatives like `Make in India' and `Digital India' to lure investors. It has moved to ensure that the country moves up on the World Bank's Ease of Doing Business and states have also started their clean-up act.
But experts say there are several areas where the government needs to step up reforms. The areas where investors want more reforms include tax policy , labour laws, cutting red tape and issues linked to land acquisition.
Investors have started taking interest in the India growth story and the recent visit of Modi to Silicon Valley triggered enormous interest from software and technology czars.Growth is expected to be among the fastest in the world.
Experts say India is expected to benefit from the slowdown in China and the overall sluggishness in global commodity prices, include crude.

1 comment:

Unknown said...

I agree with you that India is good place for greenfield investments