This year, India has slipped to third place in global foreign direct investments (FDI) due to the economic meltdown. However, the country will continue to remain among the top five attractive destinations for international investors during the next two years, says Unctad (United Nations Conference on Trade and Development) in a new report on world investment prospects.
India was ranked second in global FDI flows after China during last year. However, China continues in the top place and the US went up to second place this year due to rise in investments by Chinese and Indian companies as they acquired some sick American firms.
Still, FDI prospects for India remain buoyant, says James Zhan, a senior Unctad official and one of the authors of the latest report.
He suggested that the Bric countries will hog most of the investment flows once FDI growth starts picking up after 2010.
India was ranked second in global FDI flows after China during last year. However, China continues in the top place and the US went up to second place this year due to rise in investments by Chinese and Indian companies as they acquired some sick American firms.
Still, FDI prospects for India remain buoyant, says James Zhan, a senior Unctad official and one of the authors of the latest report.
He suggested that the Bric countries will hog most of the investment flows once FDI growth starts picking up after 2010.
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