India retains FDI recipient crown

India retained its `numero uno' position being the world's top most greenfield foreign direct investment destination for the second consecutive year, attracting $62 billion in 2016.

India has remained ahead of China and the US as far as FDI inflows were concerned in the last year, said the fDi Report 2017 compiled by fDi Intelligence. FDI by capital investment saw an increase of 2% to $62 billion in 809 projects during 2016 in India.

The global investment landscape, the report said, has changed considerably in 2016 as FDI gravitated to locations experiencing the strongest economic growth, while locations in recession or facing high levels of uncertainty saw major declines In 2016, greenfield FDI continued to rise worldwide, with capital investment increasing by more than 6% to $776 billion, its highest since 2011, with an increase in job creation by 5% to 2 million. But, the number of FDI projects declined 3% to 12,644.

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