India is now 5th most attractive investment destination.

India moved up a notch to overtake Japan as the 5th most attractive investment destination in a survey of global CEOs, even as the International Monetary Fund said that the country will once again emerge as fastest growing major economy in 2018 amid signs of an improvement in the overall economic environment.

However, The survey will come as a booster for Prime Minister Narendra Modi who will court international investors on Monday and Tuesday in a bid to get more investment into the country which has remained sluggish and is crucial to job creation.

Moreover, More key sectors over the last few years, foreign direct investment in India surged 17% to over $25 billion during the first half of the current financial year, even as private investment has remained muted due to excess capacity and high financial stress.

It had for the first time topped $60 billion in 2016-17 but remains less than half of China’s $137 billion in 2017, which was an increase of around 8%.

Author: vatika

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