India is the third most favoured destination for global companies after China and the US, a United Nations report said on Thursday, while predicting that investment inflows could increase by more than 20% this year and next.
Foreign direct investment (FDI) flows into India rose 30% to nearly $32 billion in 2011, while China drew $124 billion and Brazil attracted nearly $67 billion. “The FDI inflows into India can go up by 20-25% this year and by about 20% next year, if the present trend continues,” said Nagesh Kumar, chief economist, United Nations Economic and Social Commission for Asia and the Pacific, while releasing Unctad’s World Investment Report 2012.
Some 179 global companies—from the manufacturing, services and primary sectors—were surveyed between February and May, on their favoured investment destinations for 2012-2014.
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