India
retained its numero uno position as (rpt) as the world's top most
greenfield FDI investment destination for the second consecutive
year, attracting USD 62.3 billion in 2016, says a report. India has
remained ahead of China and the US as far as FDI inflows were
concerned in the last year, said the fDi Report 2017 compiled by fDi
Intelligence, a division of The Financial Times Ltd. FDI by capital
investment saw an increase of 2 per cent to USD 62.3 billion in 809
projects during 2016 in India. "India managed to keep the crown
as the world's number one location for greenfield capital investment
for the second year running – ahead of China and the US," the
report said. The global investment landscape, the report said, has
changed considerably in 2016 as FDI gravitated to locations
experiencing the strongest economic growth, while locations in
recession or facing high levels of uncertainty saw major declines. In
2016, greenfield FDI continued to rise worldwide, with capital
investment increasing by more than 6 per cent to USD 776.2 billion,
its highest since 2011, alongside an increase in job creation by 5
per cent to 2.02 million. However, the number of FDI projects
declined 3 per cent to 12,644. China has overtaken the US to become
the second biggest country for FDI by capital investment, recording
USD 59 billion of announced FDI, compared with USD 48 billion-worth
in the US. Globally, the real estate sector has claimed the top spot
for capital investment, with USD 157.5 billion of announced FDI
recorded in 2016, following an increase of 58 per cent. In value
terms, coal and natural gas witnessed an inflow of USD 121 billion,
followed by alternate and renewable energy at USD 77 billion.
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