India Ranked ‘Most Attractive Investment Destination’ by Ernst & Young LLP A survey conducted by global consultancy firm, Ernst & Young LLP (EY), revealed that India is the most attractive investment destination in the world. Not surprising seeing as how the nation is one that burgeoning with economic activity, cheap services, and over a billion people. A long history of foreign investment is only continuing to grow.
Global leaders agree
Overall, the survey highlighted emerging markets as a sweet spot for foreign investors with 32 percent of the business leaders from global corporations that were polled, ranking India as the most attractive country to invest in, followed by China, Southeast Asia and then Brazil. Of all of the large, growing markets that we are seeing these days, the subcontinent is still the most attractive place. Business acumen, stability, multi-lingual workers, and relative peace all add to the attractiveness.
Government reforms spurring growth
New government reforms are primarily responsible for spurring on the growth in India, according to Amitabh Kant, Secretary of the Department of Industrial Policy and Promotion (DIPP), who noted, “The findings [of the EY survey] reconfirm and reaffirm many other recent findings... India’s growth in terms of foreign direct investment (FDI) will be driven by manufacturing and India must continue the reform process on a sustained basis over a long period of time.” Mr. Kant went on to say that India must “become part of the global supply chain” and challenge itself to grow at a rate of 9 to 10 percent per year, for the next three decades.
As a specialist in the emerging markets space, Excel Funds Management Inc. manages the Excel India Fund, the largest and longest running India-focused mutual fund in Canada, which is up 12.25 percent year-to-date. 1
1 Bloomberg data in CDN terms, as at September 30, 2015. http://www.hindustantimes.com/business/india-trumps-china-as-most-attractive-investment-destination-ey/story-oLvyYLicIqRoU2xWFMgVTJ.html