India 11th in A.T. Kearney FDI Index
Though India has slipped...
Though India has slipped three places to the 11th position in the latest A.T. Kearney Foreign Direct Investment (FDI) Confidence Index, the country remains among the top investment destinations due to its market size and rapid economic growth, according to the annual survey for 2018. A.T. Kearney FDI Confidence Index, which tracks the impact of likely political, economic and regulatory changes on the foreign investment preferences of CEOs and CFOs, placed the US in the top position for investment intentions with Canada rising to second place, while Germany fell to the third. India fell out of the top 10 for the first time since 2015. It was ranked eighth last year. The report said a possible factor for the fall could be the coming elections in
India, as investors are likely to be monitoring political risks. It also said the International Monetary Fund projects India's economy to grow at 7.4 per cent in 2018-19, the fastest by any major economy, while inward FDI flows have increased to a record high of around $45 billion in 2017. A.T. Kearney India MD and Country Head Vikas Kaushal said in a statement. “Notable reforms that have had a positive impact on India's attractiveness.”