Note: Percentage variances between market-advised cost projections and original estimates for selected capital infrastructure projects
Foreign investors see India as an attractive investment option, despite the uncertain global economic climate, according to the second edition of our Indian Attractiveness Survey. Almost a third of the respondents believed that India would have achieved double-digit growth rates by the end of this decade.
Rajiv Memani, Country Managing Partner of EY India, says:"India's domestic demand-driven growth model is acting as a catalyst for attracting foreign investments into the country. Although the ongoing global uncertainty may have prompted global investors to become more cautious, India's inherent advantages and proven resilience to counter-act macroeconomic challenges generally outweighs these concerns."
According to the survey, India is transitioning into the next phase of growth cycle. By 2020, 25% of our survey respondents see India among the world's leading three destinations for manufacturing.
More than three-quarters of companies with international presence who were polled for the survey remain convinced about India's prospects and plan to strengthen their operations in the country. Two-thirds of the respondents are planning to implement projects in India in the near to short term. The survey combines an analysis of foreign direct investment (FDI) into India, along with a survey of more than 500 global executives on their views about the potential of the Indian market.
India past, present and future: we explore India's FDI scenario in 2011, its current profile and the future agenda:
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