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Investors See India As Most Attractive Destination: E&Y Survey

By 2020, investors see India racing to become one of the world’s top destinations for manufacturing, as well as a regional hub for operations

India is the most attractive investment destination, ahead of China, Southeast Asia and North America, according a survey by consulting firm Ernst & Young.

Thirty-two per cent of the investors in the poll ranked India as the most attractive market, followed by China, which received the top approval of 15 per cent.

Southeast Asia ranked third, followed by Brazil, North America, Latin America, Middle East, Western Europe, North Africa, Central Eastern Europe, Sub-Saharan Africa, Japan, and Russia.

India emerged as the number one FDI destination in the world during the first half of 2015. With FDI capital inflows of $30.8 billion, India has outpaced all other economies, moving up to the premier position from being in the fifth spot during the corresponding period of the previous year, Ernst & Young said.

By 2020, investors see India racing to become one of the world’s top destinations for manufacturing, as well as a regional hub for operations.

The Narendra Modi government has launched a slew of initiatives designed to encourage investment, including FDI, and these are paying off, the consultancy said.

It said the Indian government’s reforms are designed to benefit foreign investors by facilitating government approvals and increasing the size of stakes that foreign investors are allowed to buy in domestic firms.