After such a long time and efforts mad by the nation and the Prime Minister, India has emerged as the No. 1 on the foreign direct investment league table. To get this position, India had overtaken China and US.
During the first half of 2015, India ranked first by roughly $3 billion more than the China and $4 billion more than the US.
It has all become possible because of the efforts made by the Narendra Modi government which had taken several steps to get the foreign investments and provide them the belief in the nation.
Demand has accelerated by the initiatives such as “Made in India” and “Digital India”. Now the next move is to get its ranking upgraded on the World bank’s Ease of Doing Business.
Investor have shown a great interest to the reforms made by the government in the foreign investment sector, but still there is need of getting the reforms in some areas as seen from the investors side including Tax policy, labour laws, Cutting red tape and issues linked to land acquisition.
Main reasons to get better investment in India :
• Slowdown in the China market
• Price of crude oil
• Replaced China as driver of global growth
• Made in India
• Digital India
• Sluggishness in the global commodity prices
India had replaced China as the next big frontier for the US tech companies. The big companies that have been blocked by the China are always ready to get the investors. Companies like Facebook, Google and Twitter, as well as start-ups and investors are seeing India as the next big thing to expand themselves.
Two years ago, digital India was even hard to imagine. Now India conducts more mobile searches on Google than any country besides the US. Facebook presence in the country has also provided a great roots by the free messaging services that Facebook bought last year for nearly $22 billion.
Still there are parts in the country that can have the services by these big companies and so coms the part of the digital India in the flash.
MAKE IN INDIA ATTRACTING THE WORLD : Click HERE