India remains attractive investment destination: Survey

NEW DELHI: India remains one of the most preferred investment destinations for global investors while domestic companies expect stable economic conditions in the near term, says a survey.

Leading consultancy EY said that Indian businesses expect stable economic conditions in the near term, both on the global and domestic front. Such a scenario augurs well for the country's M&A landscape, it added.

The findings are part of EY's recent Capital Confidence Barometer report, which is based on a survey of more than 1,500 executives worldwide.

"India continues to retain its attraction for global investors and remains amongst the top three preferred destinations for investment," EY said today.

According to the report, political stability, positive credit outlook and upbeat expectations on corporate earnings are contributing to a positive outlook for the country's transactions environment.

About 56 per cent of Indian respondents felt that domestic economy was improved while 42 per cent expecting the economy to remain stable.

"The government's focus on reforms to attract enhanced private investment, accelerate GDP growth rate and reduce fiscal deficit, have contributed to creating a positive environment for M&A," Amit Khandelwal, National Director and Partner (Transaction Advisory Services) said.