India remained very attractive for FDI in 2011. FDI projects increased by 20% in India in 2011, attracting 932 projects, which created an estimated 255,416 jobs.
This is despite a global economic growth that had not fully recovered from the financial crisis of 2008–09 and has begun to slow again, from over 5% in 2010 down to a projected 3.3% through 2012.
|Number of FDI projects in India|
|FDI by value (US$ million) in India|
Investors came to India to find growth opportunities for their business and the possibility to operate at lower cost. Fifty percent of our panel claims that India's massive and growing domestic market is their number one draw and 45% of them see India as a highly cost-competitive location.
China is India's direct competitor. Fifty-five percent of investors perceive the other rapid-growth giant as the primary competitor, which is confirmed by FDI facts: India is the fourth destination country for FDI, behind the US (first) and China (second).
Top five recipient countries by number of projects
Source: fDi Inteligence; data is for 11 months (January-November) for each year.
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