India overtakes US & China in foreign direct investments

INVmiindAccording to the Financial Times, India is now on top of the foreign direct investment league table, overtaking China and the United States. The first half of 2015 shows India attracted roughly $3 billion more than China and $4 billion more than the US.

This is good news for the Modi government that has done much to attract foreign investment and has helped revive the mood of investors. Initiatives such as ‘Make in India’ and ‘Digital India’ have certainly attracted unprecedented attention.

Experts do say however, that there are several areas where the government needs to step up reforms including tax policies, labour laws, and issues linked to land acquisition.