According to the Financial Times, India has emerged on top of the foreign direct investment league table, overtaking China and the United States.
The Financial Times Data Service provides a ranking of the top destinations for greenfield investment (measured by estimated capital expenditure).
The FT says, that 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.
“With midyear data on greenfield FDI now in, 2015 looks to be a milestone year for India following its impressive performance in 2014,” the article in FT said quoting ‘FDI Markets’, a data service of the FT.
The news has come as a big boon for the Narendra Modi government which has taken several steps to attract foreign investment and is trying hard to revive the mood of investors.
Initiatives like ‘Make in India’ and ‘Digital India’ to lure investors and has ensured that the country moves up the ranking on the World Bank’s Ease of Doing Business.
Experts are still suggesting several areas where the government needs to step up reforms, including tax policy, labour laws, cutting red tape and issues linked to land acquisition.
It is clear now that the investors have started taking an interest in India,s growth story.
The article first published on www.lafdatv.com
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