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India Third Most Attractive Destination for Investment in the World: UNCTAD

Jun 27, 2013 11:34 IST

A survey conducted by United Nations Conference on Trade and Development (UNCTAD) revealed on 26 June 2013 that India was the third most attractive destination for investment in the world. The survey by UNCTAD included transnational corporations (TNCs) as the respondents. India was ranked at the third position after china and the United States.

The survey was based on the responses given by 159 top global companies of the world. The World Investment Report 2013 by the United Nations Conference on Trade and Development (UNCTAD) revealed that the ranking of top five host economies of the world remained unaltered since 2012. China was still leading the list of top most destination for investment with 46 percent respondents agreeing on it. This was followed by US, which got 45 percent agreeing votes.

Among other top five investment destinations as responded by TNCs, were Indonesia and Brazil. An interesting fact about the survey was that, among top five most attractive destinations for investment in the world, four were the developing countries. Apart from this, six out of top 10 prospective host countries were also from the developing world. Thailand and Mexico appeared in this list for the very first time.

As far as the developed countries were concerned, Japan climbed up three positions because of its reconstruction efforts after 2011 tsunami as well as expansionary monetary policies, which led to increased attractiveness of the country for foreign investment in the medium term. In the meanwhile, Australia, Russia and United Kingdom came down the rankings in comparison to 2012 survey, while Germany gained two positions.

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Read more Current Affairs on: investment destination , UNCTAD

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