India emerges as top FDI destination, replaces China
The Dollar Business Bureau India, in 2015, emerged as the top destination for foreign direct investment (FDI) in the world, replacing China, according to a report by investment monitor fDi Intelligence, a division of The Financial Times. “India has been ranked highest in the list of countries that attracted $63 billion worth of FDI in 2015, in terms of capital investment after a year of announcements of high-value projects specifically in coal, renewable energy, and oil & natural gas sectors” the report said.In addition, the report mentioned that the country’s number of projects have increased by 8 percent to 697. However, these numbers are still down compared to China’s 789 projects. India is emerging as an important destination for projects in renewable energy, ...
