India is on a Recovery Phase as India Ranks 55th in Global Competitiveness Index.
India has overtaken US and China. As per the report of Financial Times India has overcome US and China in the race for the Foreign Direct Investment.
India becomes the world’s number one pool for foreign
direct investments. India surpasses China with $3 billion and US with $4
billion as the total foreign capital inflows
In the
half yearly report of 2015 India received a total of $31 billion in
foreign capital inflows followed by China $28 billion and US third with
$27 billion.
There is a jump of $ 18 billion in India’s FDI compared
to first half of the last year which were $12 billion and was ranked at 5th position
The
ranking of the top destinations for Greenfield investment is measured by
estimated capital expenditure.
STEPS BEHIND THIS MOVE UP
- Initiatives taken by NaMo government like “Make in India” for making India as an attractive investment destination
- Narendra Modi's Foreign trips doubled the investment levels in comparison to previous year and India emerged as top platform for foreign investments.
- Also the Government decisions for relaxing norms for FDI fetched many global investors.
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