India surpasses China as most attractive investment destination

India has overtaken China as the most attractive investment destination according to a survey conducted by Ernst & Young (EY) a global professional services firm. The top three investing countries into India, as per this survey will be United States of America (USA), France and Japan.

As per the government's statistics relating to Foreign Direct Investments (FDI) over the past years — April 2000 to August 2013, these three countries were among the top ten investing countries in India. FDI inflows from USA, France and Japan during this period were: Rs 53, 673 crore; Rs 17,718 crore and Rs 71,870 crore respectively.

India has emerged at the top of the list of most attractive investment destinations, according to EY's ninth bi-annual Capital confidence barometer, encompassing insights culled from a survey of 1,600 senior executives across more than 70 countries. The observation underscores the long term confidence that investors continue to maintain in India as an investment destination.