India tops US for 2nd spot in FDI destination rankings
The Hindu Businessline reports that, " INDIA replaces the US as the second most attractive FDI location, up from last year's third place ranking, according to the latest Foreign Direct Investment Confidence Index, an annual survey of executives from the world's largest companies conducted by AT Kearney. China continued on top of the index for the third year running.
According to AT Kearney, it is for the first time in the history of the index, which began tracking the FDI intentions of global executives in 1998, emerging market countries have been ranked first and second as the most attractive FDI locations.The bullishness among corporate leaders about India has been attributed to several factors, including FDI inflows to India surpassing the $5-billion mark in 2004, the Government reforming the FIPB and setting up the Investment Commission and FDI caps in telecom, aviation, banking, media sectors being raised".
The Hindu Businessline reports that, " INDIA replaces the US as the second most attractive FDI location, up from last year's third place ranking, according to the latest Foreign Direct Investment Confidence Index, an annual survey of executives from the world's largest companies conducted by AT Kearney. China continued on top of the index for the third year running.
According to AT Kearney, it is for the first time in the history of the index, which began tracking the FDI intentions of global executives in 1998, emerging market countries have been ranked first and second as the most attractive FDI locations.The bullishness among corporate leaders about India has been attributed to several factors, including FDI inflows to India surpassing the $5-billion mark in 2004, the Government reforming the FIPB and setting up the Investment Commission and FDI caps in telecom, aviation, banking, media sectors being raised".
posted by Cogito at
3:32 PM
2 Comments:
This proves again that Human Resource is the key for the success of any nation. Can India really sustain these investments?
After nearly 4 weeks my village phone was repaired. My dad had to travel nearly 10 kms to give me a ring. Forget roads, even phone networks are not reliable. Try IOB online banking. You will wonder if India is the home to IT services..!!
By
Anonymous, at 6:12 PM
HR is the key but Infratsructure need to go hand-in-hand for us to aim higher. point well taken about abysmal local infratsructure.
By
Cogito, at 10:56 AM
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