India fourth most attractive investment destination: Survey
India is rated as the fourth most attractive investment destination in the world & emerges ahead of the US and Russia, survey. India's hotshots
By PTI |
NEW DELHI: India has been rated as the fourth most attractive investment destination in the world, according to a global survey.
The survey conducted by Ernst and Young found the South Asian country being preferred after China, Central Europe and Western Europe in terms of prospects of alternative business locations and the criteria that drives the perceptions of respondents.
While China received 47 per cent votes, Central Europe and Western Europe got 42 per cent and 33 per cent votes respectively, says the survey of 834 respondents across the world.
With 30 per cent votes, India emerges ahead of the US and Russia, which receive 21 per cent votes each.
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About 21 per cent investors voted in favour of India as one of the top three innovative countries, ahead of UK, France, Finland and Sweden. The US with 50 per cent votes and China with 34 per cent votes stand out in investors minds as the most innovative countries.
Around 22 per cent investors ranked India second as a preferred global location for relocating projects, following China that received 36 per cent votes.
According to the survey, investors pay more attention to political and legal stability and telecom infrastructure than labour costs.
For the survey, the respondents were interviewed by research organisation Institute CSA during February-March 2008.
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