India is the 3rd Most Attractive Destination for FDI: Global Survey

The world investment report for the year 2012 released by the United Nations Conference on Trade and Development (UNCTAD) shows that, India is the third most preferred destination for Foreign Direct Investment (FDI) by global industrial companies.

The chief economist of United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) announced that, they did survey in 179 top global companies around the world and asked them about their top destinations on where they planned to invest between 2012-14. The survey report shows that, India ranked third as the most attractive destination after China and United States.

The survey shows that, FDI inflows rose by 33% in 2011 from 2010. The chief economist of UNESCAP said that, FDI inflows to India went up to $32 billion (Rs. 1,76,000 crores) which is 33% more than the FDI inflows in 2010. Thus, this is a good news, which reveals the potentials of the country.