India has been gaining attention ever since last decades as a leading destination. As an offshoring destination it has retained the no. one position for last 2 decades. In overall terms of FDI attractiveness India has competed with China over a decade now. However, the new writing on the wall was very evident that India is in lead in all spheres of foreign direct investment.
In a recent survey EY ranked the country as the most attractive market this year with about one third voting for it, while 60% placed it among the top three investment destinations.
According to a report published in the Economic Times (ET) the Survey is based on the responses of 505 global decision makers collected during March and April.
The business leaders have said that they found India’s macroeconomic and political and political stability, FDI policy and ease of doing business more attractive in 2015 than last year. They have been said to give credit to the new Government under Mr. Modi for this turnaround in perception over last few years.
Also as per reports the investors are most optimistic about the sector, with 62% of those interested to expand or enter India over the next year saying three buoyant about the manufacturing activities. About 69% said, they were likely to invest in manufacturing in the next five years.
Read more in Economic Times Article