China suffered a 23 % decline in capital investment and a 16 per cent drop in FDI projects. In 2015, India was for the first time the leading country in the world for FDI, overtaking the US (which had $59.6 billion of greenfield FDI) and China ($56.6 billion). Major companies such as Foxconn and SunEdison have agreed to invest in projects valued at $5 billion and $4 billion, respectively, in India in 2015.
According to Foreign Direct Investment Intelligence Report India has replaced China as top destination for foreign direct investment (FDI) by attracting $63 billion projects in 2015.FDI Intelligence is a division of The Financial Times Ltd.
Top destination states for FDI in 2015 in India:
Gujarat was on top which had attracted $12.4 billion. Maharashtra was second attracting $8.3 billion respectively in 2015. Make in India campaign has boosted the FDI, which has resulted in a whopping increase in FDI job creation from 1.16 lakh new jobs in 2013 to 2.25 lakh in 2015 which is the highest number in the world.
Foreign Direct Investment (FDI) means investment made by a resident in one economy in an enterprise in another economy, with the objective of establishing a lasting interest in the investee economy. FDI usually involves participation in management, joint-venture, transfer of technology and expertise which is done by either buying a company in the target country or by expanding operations of an existing business in that country.
So lets do:
1. According to FDI Intelligence Report India has replaced which country as top destination for FDI?
2. Expand the term FDI?
3. China suffered a _____ decline in capital investment.
Source – The Economic Times