India is the investment magnet of the world

India has been ranked as the most attractive investment destination in the world for the next three years, according to EY’s 2015 India attractiveness survey published today. Over a third of the 500 business leaders who participated in the survey marked the country as the most attractiveinvestment destination in the world. The country edged ahead of the promising markets of China, Southeast Asia and Brazil.

The report finds major improvements in the perception of macroeconomic stability (up from 70% in 2014 to 76% in 2015), political and social stability (up from 59% in 2014 to 74% in 2015); relaxation in FDI policy(up from 60% in 2014 to 68% in 2015); and the government’s efforts to ease doing business (up from 57% in 2014 to 67% in 2015). India’s biggest draws are still its huge domestic market and availability of relatively cheap labor. Read More…