INDIA SEES DIP IN INVESTOR CONFIDENCE

New Delhi, May 2: India has slipped by three spots to 11th in the FDI Confidence Index 2018 of global consultancy firm AT Kearney.

“India falls by three spots, reversing its twoyear streak of rising in the rankings,” the report said.

It said that India fell out of the top 10 for the first time since 2015.

China (5), India (11), and Singapore (12) all rank lower this year, while Australia rises to 8th and New Zealand jumps to the 16th spot in only its second year on the Index. Japan and South Korea hold steady at 6th and 18th, respectively, it added.

India was ranked 8th in 2017, while it was at 9th rank in 2016.

The report said that some policies may have deterred investors, at least in the short term. “The 2017 nationwide GST, for example, has faced implementation challenges, and the 2016 demonetisation initiative disrupted business activity and weighed on economic growth,” it added.

About Asia Pacific region, the report said that investor preference for the region appears to have “declined slightly”, with only seven Asian countries appearing on this year’s Index.

“The flip side is that this year marks an alltime low for the share of emerging markets on the Index. Just four emerging markets appear among the top 25 countries for FDI intentions,” it said. — PTI

The report said that India, which fell out of top 10 for the first time since 2015, was ranked 8th in 2017 and 9th in 2016.