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Recently the business advisory and accounting giant EY has said that India has emerged as the most attractive investment destination in the world, surpassing economic giants like China and the U.S.A. This positive sentiment seems to have emerged as a result of the relaxation in FDI norms which the global firm feels will boost investor sentiments. EY’s global survey has ranked India ahead of Brazil and China which come in second and third respectively behind India. The others who follow in serial order up to 10th position are Canada, USA, South Africa, Vietnam, Myanmar, Mexico and Indonesia.
The findings are part of EY’s latest Capital Confidence Barometer report and are based on a survey of about 1,600 senior executives from large companies across 70 countries. Apart from taking an inside look at boardroom priorities, the findings also aim to gauge corporate confidence in the economic outlook across geographies.
The report is definitely a whiff of fresh air, and a much needed one, especially during an year that did not witness too many positive forecasts for the Indian economy. It is exactly during this present positive scenario that the first Global Indian Business Conference (GIBC) is being organized by Invest India—a joint venture between the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Ministry of Commerce and Industry, Government of India and some state Governments. FICCI is the co-organizer and India Empire Group is the Knowledge Partner. The day-long event will be held on January 10, 2014 at the Federation House in New Delhi. It is being held immediately after the January 9 conclusion of the Pravasi Bharatiya Divas in New Delhi.
The sectors in focus at this investment summit are Infrastructure Financing, Urban Infrastructure, Tourism and Hospitality, Healthcare and Medical Value Travel, and Education. These sectors have been carefully chosen as they are possibly of greatest concern and interest for Global Indians and foreign investors. These sectors also provide a win-win opportunity for investors as well as the city or state where the investments will eventually flow in to.
We do hope you will find the time to participate at the event by logging on to www.gibc2014.com and registering.
Happy reading.
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Editor
Sayantan Chakravarty
Consulting Editor
Yogesh Sood
Special Correspondent
Anjay Sinha
Head - Design and Layout
Jaydev Bisht
Contributions From
Len Kenna, Crystal Jordan, Inder Singh, Paras Ramoutar, Yogi Ashwini
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