Best FDI Destination
The 9th Annual European Attractiveness Survey by Ernst & Young has placed India amongst the fifth most preferred destinations for FDI due to the country’s high economic growth. In its latest assessment, India’s specialization as a hub for low-cost outsourcing businesses has been described as a major reason for its growing economy.
“Foreign investors are not deterred by current regulatory issues to invest in India... India’s perceived specialisation as a lowcost business process outsourcing (BPO) hub continues to appeal the investors across the globe,” the report said.
As per the E&Y report, a huge number of respondents felt that India would be home to the next big brand name in the IT sector. From the 800 executives from top-level