India has emerged on top of the foreign direct investment league table, overtaking China and the United States, according to the FT data service
India has surpassed US and China as the biggest Foreign Direct Investment (FDI) destination, garnering $31 billion investments compared with $28 billion attracted by China and $27 billion by the US.
Separately, India also jumped 16 notches to 55 among 140 countries in the World Economic Forum’s Global Competitiveness Index that ranks countries on the basis of parameters such as institutions, macroeconomic environment, education, market size and infrastructure among others.
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According to the RBI data, India received $18.9 billion in the first half of 2015 and $26.4 in 2014 and $25.6 in 2013.
Nevertheless, if one believes that there is merit in the FT numbers, this is big good news for India. But, if indeed India has emerged as the top FDI destination.
In terms of investments in green field projects, a major reason for that is the ongoing slowdown that has gripped rest of the world, primarily China. Remember, in the whole of last year (2014), China received FDIs worth $75 billion, while US received $51 billion.
It said India ranked fifth last year for capital investment, after China, the US, the UK and Mexico. In a year when many other major FDI destinations posted declines, India experienced one of 2014's best FDI growth rates, increasing its number of projects by 47%, the article said.
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Last year, the government launched the Make in India initiative vowing to remove bureaucratic sloth, make the country more investor-friendly and rectify processes that has kept the country almost at the bottom — ranked 142 — of World Bank’s ‘ease of doing business’ index.
India is certainly catching the attention of global investors, especially in the backdrop of a severe (and likely to be prolonged) global slowdown phase. If India has already managed to attract foreign investments, it is good news for the country, which needs at least $ 1 trillion investments to develop its roads, railways, ports and airports under the current five-year plan.
India is tracking well ahead of where it was at this time last year,it has more than doubled its midyear investment levels, attracting $30 billion by the end of June 2015 compared with $12 billion in the first half of last year.
All of which means that, while the government can take a small bow over the FT data, it has a long haul ahead in cleaning up the investment environment,this means freeing up gas prices, getting states to repay loans of bankrupt SEBs, giving telecom companies more spectrum, clearing stuck projects, and a lot more.
Domestic investment has to lead the way, not foreign investment—in FY15, keep in mind, FDI was under 8% of total investment in the country.
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Amazing Innovations In Rural INDIA Which Eveyone Must Be Aware Of
India has surpassed US and China as the biggest Foreign Direct Investment (FDI) destination, garnering $31 billion investments compared with $28 billion attracted by China and $27 billion by the US.
Separately, India also jumped 16 notches to 55 among 140 countries in the World Economic Forum’s Global Competitiveness Index that ranks countries on the basis of parameters such as institutions, macroeconomic environment, education, market size and infrastructure among others.
Read About This:
What India Recevied From Narender Modi Digital India- Silicon Valley Visit In USA
According to the RBI data, India received $18.9 billion in the first half of 2015 and $26.4 in 2014 and $25.6 in 2013.
Nevertheless, if one believes that there is merit in the FT numbers, this is big good news for India. But, if indeed India has emerged as the top FDI destination.
In terms of investments in green field projects, a major reason for that is the ongoing slowdown that has gripped rest of the world, primarily China. Remember, in the whole of last year (2014), China received FDIs worth $75 billion, while US received $51 billion.
It said India ranked fifth last year for capital investment, after China, the US, the UK and Mexico. In a year when many other major FDI destinations posted declines, India experienced one of 2014's best FDI growth rates, increasing its number of projects by 47%, the article said.
Read about this:
Raghuram Rajan Annnouces Big Cut Rate Proves Himself Auto Sector's New Messiah
Last year, the government launched the Make in India initiative vowing to remove bureaucratic sloth, make the country more investor-friendly and rectify processes that has kept the country almost at the bottom — ranked 142 — of World Bank’s ‘ease of doing business’ index.
India is certainly catching the attention of global investors, especially in the backdrop of a severe (and likely to be prolonged) global slowdown phase. If India has already managed to attract foreign investments, it is good news for the country, which needs at least $ 1 trillion investments to develop its roads, railways, ports and airports under the current five-year plan.
India is tracking well ahead of where it was at this time last year,it has more than doubled its midyear investment levels, attracting $30 billion by the end of June 2015 compared with $12 billion in the first half of last year.
All of which means that, while the government can take a small bow over the FT data, it has a long haul ahead in cleaning up the investment environment,this means freeing up gas prices, getting states to repay loans of bankrupt SEBs, giving telecom companies more spectrum, clearing stuck projects, and a lot more.
Domestic investment has to lead the way, not foreign investment—in FY15, keep in mind, FDI was under 8% of total investment in the country.
Read about this:
Amazing Innovations In Rural INDIA Which Eveyone Must Be Aware Of
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