Crowning glory for India yet again, as India retained its numero uno position of being the world's top most
greenfield FDI investment destination for the second consecutive year. India attracted USD 62.3 billion in 2016, says the fDi Report 2017.
The report states that India remained ahead of China and the US as far as FDI inflows were concerned in the last year, FDI by capital investment saw an increase of 2 per cent to USD 62.3 billion in 809 projects during 2016 in India. The report said, global investment landscape 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.
China overtook 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.