Foreign money continues to find the best possible use in India, as India slowly and steadily opens its gates for foreign participation. According to UNCTAD’s Trade and Development Report 2006, India has ‘emerged’ by winning a position among the ten major developing country recipients of Foreign Direct Investment (FDI), but still lags far behind its neighbour China in terms of FDI inflows received. FDI inflows to India stood at $5.6 billion in 2004, making it the tenth largest developing economy in terms of overseas investment received. A positive investment climate, improved growth prospects and initiatives aimed at rationalization of the FDI policy helped the country maintain its attractiveness in terms of one of the most preferred FDI destination.
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Source:- IIPM Editorial
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