NEW DELHI: India has emerged as one of the top three choices for investments in the next 2-3 years, with more than two-thirds of respondents in a survey of multinational companies (MNCs) citing the country as their number one choice for future investments.
According to the FDI survey released on Tuesday by CII in association with EY, about half of the respondents see India amongst the top three economies or leading manufacturing destinations of the world by 2025.
Besides, 25 per cent of the respondents, who represent non-Indian headquartered (HQ) MNCs, view India as the first choice for future investments.
The respondents cited market potential, skilled workforce and political stability as the top three reasons to make India their favoured destination.
Other key factors which contribute to the attractiveness of India as an investment destination include cheap labour availability, policy reforms, and availability of raw materials.
Recent reforms in the country such as corporate tax cuts, ‘Ease of Doing Business’ measures, simplification of labour laws, FDI reforms, and focus on human capital have emerged as the top drivers for fresh investments, CII stated on the survey’s findings. (AGENCIES)
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