India ahead of China, US : Most favoured FDI destination
As reports published by the UK-based Financial Times (FT) reveals, during the same period China has attracted Rs. 28 billion Dollars and the US received Rs. 27 billion Dollars.
"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.
During the corresponding period of 2014 India had received 12 billion Dollar worth of FDIs.
According to the FT report, this comes at a time when FDI into emerging markets is showing a declining trend “with 97 of 154 countries typically classed as emerging markets experiencing declines in capital expenditure on greenfield investment projects in the first six months of this year compared with the same time period last year”.
Finance Minister Arun Jaitley linked the rising capital flows to the policies of the Modi government.
"Satisfying, our efforts are paying off. India becomes the Highest FDI destination for Greenfield projects," he twitted.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
