India falls to 4th place in UNCTAD’s FDI destination ranking
25/06/2014 16:53
India has fallen by one place in the rankings of the world’s most favourable destinations for foreign investment, the latest rankings from UN agency UNCTAD showed on Tuesday. India is now ranked in fourth place in the rankings for the world’s most attractive destinations for foreign direct investment (FDI). In 2013, India was in third place in the FDI destination ranking, while in 2005-2008 and 2010, the country was ranked in second place. India seems to have lost favour among foreign investors in the past year or so as corruption scandals, poor governance, slow progress on key reforms, complicated tax structure and a domestic slowdown may have reduced the country’s appeal for overseas investment. However, with the more growth and reform friendly Modi government in charge, the country may move up a place or two in the FDI destination ranking in the coming years. India attracted an FDI inflow of USD 28 billion in 2013, up by 17 per cent. “FDI, if you look at in India from year on year, you may find a variation which you are seeing now, which shows there is a decline in FDI flows”, Finance Secretary Arvind Mayaram said. China remains the world’s most attractive FDI destination followed by the US and Indonesia.
25/06/2014 16:53
India has fallen by one place in the rankings of the world’s most favourable destinations for foreign investment, the latest rankings from UN agency UNCTAD showed on Tuesday. India is now ranked in fourth place in the rankings for the world’s most attractive destinations for foreign direct investment (FDI). In 2013, India was in third place in the FDI destination ranking, while in 2005-2008 and 2010, the country was ranked in second place. India seems to have lost favour among foreign investors in the past year or so as corruption scandals, poor governance, slow progress on key reforms, complicated tax structure and a domestic slowdown may have reduced the country’s appeal for overseas investment. However, with the more growth and reform friendly Modi government in charge, the country may move up a place or two in the FDI destination ranking in the coming years. India attracted an FDI inflow of USD 28 billion in 2013, up by 17 per cent. “FDI, if you look at in India from year on year, you may find a variation which you are seeing now, which shows there is a decline in FDI flows”, Finance Secretary Arvind Mayaram said. China remains the world’s most attractive FDI destination followed by the US and Indonesia.
