India has overtaken China as the most attractive investment destination, according to Ernst & Young (EY), with the sharp depreciation in the rupee and opening up of new sectors to foreign players boosting the South Asian nation’s allure.
Companies are most likely to invest in India, followed by Brazil (2), China (3), Canada (4) and the United States (5), EY’s ninth bi-annual Capital Confidence Barometer – a survey of 1,600 senior executives across more than 70 countries – showed. In the eight edition of the survey, published in May, China had the top spot, followed by India and Brazil.
“The investor outlook for India remains positive, despite the challenges the country’s economy has faced in the recent past,” said Amit Khandelwal, national leader & partner, Transaction Advisory Services at EY.
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