With $31 billion of foreign capital inflows, India has surpassed China and the US to take the pole position in attracting largest FDI
in the first half of 2015, a report said on Tuesday.
The Finance Ministry on Tuesday forwarded a report published in Financial Times, London, that said "India grabs investment league pole position."
The report said India has attracted $31 billion of FDI in H1 2015, ahead of $28 billion of China and $27 billion of US.
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"A ranking of the top destinations for greenfield investment (measured by estimated capital expenditure) in the first half of 2015 shows India at number one, having attracted roughly $3 billion more than China and $4 billion more than the US," the FT report said.
India is tracking well ahead of where it was at this time last year: it has more than doubled its midyear investment levels, attracting $30 billion by the end of June 2015 compared with $12 billion in the first half of last year.
The report said that in 2014 India ranked fifth in terms of capital investment, after China, the US, the UK and Mexico.
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"In a year when many major FDI destinations posted declines, India experienced one of 2014's best FDI growth rates, increasing its number of projects by 47%," it said.