India has surpassed China and the US to emerge as the top destination attracting the largest FDI in the first half of 2015, according to a report in the Financial Times, London,
The British newspaper said "India grabs investment league pole position" with $31 billion of foreign capital inflows, compared to China's $28 billion and $27 million of the US.India has surpassed China and the US to emerge as the top destination attracting the largest FDI in the first half of 2015, according#
"A ranking of the top destinations for greenfield investment (measured by estimated capital expenditure) in the first half of 2015 shows India at number one, having attracted roughly $3 billion more than China and $4 billion more than the US," the FT report said.
Compared to last year's half-yearly investment levels, India has more than doubled its investment levels. In the first half of 2014, India attracted $2 billion in FDI. According to the report, India ranked fifth in terms of capital investment after China, US, UK and Mexico in 2014.
"In a year when many major FDI destinations posted declines, India experienced one of 2014's best FDI growth rates, increasing its number of projects by 47 per cent," it said. (SH)
ALCHEMPro News Desk – India
marketing@alchempro.com
