Growth in foreign investments to rise in India

COUNTRIES WHICH the world termed to be belonging to the third world are expected to overtake the first world on the economic front. The rising visibility of China, India, Russia and Brazil, and the much talked about economic fluctuations in Europe and the US suggest a drastic change in the order of the global economic ladder.

India itself is likely to experience the largest growth in its share of foreign investment overalls, and is most likely to become the world leader for investment in manufacturing. According to a global survey carried out by KPMG international, India can expect its share of international corporate investment to rise by eight per cent to 18 per cent over the next five years. It will move from seventh to fourth in the investment league table, moving ahead of the UK, Germany and France.

The survey by KPMG catered corporate investment strategists from over 300 of the largest multinational companies in 15 major economies, they were asked where they plan to invest in the next 12 months and in next five years time. They were also inquired about countries they saw as dominant in their sector today, and which they expected to be dominant in 2014. The results were unexpected and showed a significant drift away from investments in the US, Japan, Singapore and the UAE, and a big increase in flows to Brazil, Russia, China and India.

In terms of finance, India is expected to achieve the remarkable feat of outnumbering Japan, France, Russia and Brazil in the ranks of the most influential countries. Parul Dubey, the co-founder and business development head, PaisaWaisa.com, commented With the changing economic scenario of the sub-continent, a new order seems to be knocking our doors sooner than we expected. On line finance portals are a great breakthrough in this economic renaissance for the country as they can bring the best investment plans to a wider audience.