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EY: India most attractive investment destination

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Staff writer ▼ | November 25, 2013
The global survey of EY has ranked India as the most attractive investment destination followed by Brazil, China, Canada and the United States.
India
IndiaThe global survey of EY has ranked India as the most attractive investment destination followed by Brazil, China, Canada and the United States.


The global survey of leading consultancy firm EY has ranked India as the most attractive investment destination followed by Brazil and China at second and third positions, respectively.

While Canada reasched the fourth spot, the U.S. is placed at fifth position. Other nations in the top ten are South Africa (6), Vietnam (7), Myanmar (8), Mexico (9) and Indonesia (10).

In August, the government announced relaxation in Foreign Direct Investment (FDI) norms in many sectors, including multi-brand retail and telecom.

According to the global consultancy firm, due to the present macro-economic pressures and heavy debt pile, several Indian companies are looking to divest non-core businesses. When it comes to investments, the U.S., France and Japan have emerged as "top three investors likely to invest in India".

The findings are a part of EY's latest Capital Confidence Barometer report, based on a survey of about 1,600 senior executives from large companies across 70 countries. It aims to gauge corporate confidence in the economic outlook and understand boardroom priorities, among others.

With respect to India, sectors with the highest level of anticipated deal-making include automotive, technology, life sciences and consumer products. About 38 per cent of the respondents felt that M&A volumes in India are expected to improve over the next 12 months.


 

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