News

India ahead of China, US : Most favoured FDI destination

by IBNS 30 Sep 2015, 09:57 am

New Delhi, Sept 30 (IBNS) India has surpassed the US and China to become the world's most favoured destination for Foreign Direct Investment, garnering 31 billion Dollars in the first half of 2015.

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.