India Emerges As Top FDI Destination, Ahead of US, China: Report

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.

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.

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.

About FDI:
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


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