India Took Lead Over China as top FDI destination in 2015

India Took Lead Over China as top FDI destination in 2015

India has replaced China as top global destination for foreign direct investment (FDI) by attracting US$63 billion worth projects in 2015, says a report.

“India was the highest ranked country by capital investment in 2015, with $63 billion-worth of FDI projects announced,” according to FDI Intelligence, a division of The Financial Times Ltd.

Also there was an 8 per cent increase in project numbers to 697.

Major companies such as Foxconn and SunEdison have agreed to invest in projects valued at $5 billion and $4 billion, respectively, in India in 2015, it said.