Best FDI Des­ti­na­tion

Southasia - - On record -

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

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