Dehli and Its Attractive market
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The findings come as a big booster for Prime Minister Narendra Modi who will meet international investors on Monday and Tuesday in a bid to get more investment into the country, especially in the manufacturing sector, which has remained sluggish and is crucial to job creation.
Aided by opening up of several key sectors over the last few years, foreign direct investment in India surged 17 per cent to over $25 billion during the first half of the current financial year, even as private investment has remained muted due to excess capacity and high financial stress. It had for the first time topped $60 billion in 2016-17, but remains less than half of China's $137 billion in 2017, which was an increase of around 8%.
"The US remains the top spot for global investment, while India moves into the top 5," PwC's 21st CEO Survey said, adding that there is surprising faith and optimism among chief executives in the economic and business environment worldwide, at least over the next 12 months.
Around 46 per cent of global CEOs consider the US as one of the three most important countries for growth, followed by China (33 per cent) and Germany (20 per cent) at second and third places, respectively. At the fourth spot is the UK (15 per cent).
"India (9 per cent) bumps Japan (8 per cent) as the fifth most attractive market in 2018," it noted.
PwC India Chairman Shyamal Mukherjee said backed by definitive structural reforms, the India story has been looking better in the past one year.
Aided by opening up of several key sectors over the last few years, foreign direct investment in India surged 17 per cent to over $25 billion during the first half of the current financial year, even as private investment has remained muted due to excess capacity and high financial stress. It had for the first time topped $60 billion in 2016-17, but remains less than half of China's $137 billion in 2017, which was an increase of around 8%.
"The US remains the top spot for global investment, while India moves into the top 5," PwC's 21st CEO Survey said, adding that there is surprising faith and optimism among chief executives in the economic and business environment worldwide, at least over the next 12 months.
Around 46 per cent of global CEOs consider the US as one of the three most important countries for growth, followed by China (33 per cent) and Germany (20 per cent) at second and third places, respectively. At the fourth spot is the UK (15 per cent).
"India (9 per cent) bumps Japan (8 per cent) as the fifth most attractive market in 2018," it noted.
PwC India Chairman Shyamal Mukherjee said backed by definitive structural reforms, the India story has been looking better in the past one year.
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