'India is the world's third most attractive FDI destination'
Posted on: 11:59 AM IST Jun 27, 2013
New Delhi: India has retained its position as the world's third most attractive destination for investment by transnational corporations (TNCs) during 2013-15, a survey by UNCTAD said on Wednesday. In the survey based on responses of 159 companies, India was ranked after China and United States.
"The ranking of the top five host economies is the same as last year with China leading the list and cited by 46 per cent of all respondents, followed closely by the United States, cited by 45 per cent," the World Investment Report 2013 by the United Nations Conference on Trade and Development (UNCTAD) said.
Indonesia and Brazil are also among the top five investment destinations as responded by TNCs. As per the survey, developing countries make up four of the top five host economies.
"Six of the top 10 prospective host countries also come from the developing world, with Mexico and Thailand appearing for the first time," it said.
However among developed economies, Japan jumped three positions largely because of reconstruction efforts after the 2011 Tsunami and recent expansionary monetary policies have together increased the country's attractiveness for foreign investment in the medium term, it added.
"At the same time, Australia, Russia and United Kingdom slipped down the rankings from last year's survey, while Germany gained two positions," it said.