India, 2nd most preferred country of FDI: Survey

New Delhi, Sep 7: The new UN survey clearly showed that India is the second most preferred country for investment for Foreign Direct Investment (FDI) after China.

According the study during 2010-2012, India has replaced United States (US) from the second place and US now has acquired the fourth place in FDI's most preferred countries' list.

India replaced the US as the second most important destination for FDI by transnational companies in 2009 following severe recession in the US.

"The results point to a recovery in global FDI flows in 2010 and further growth in 2011 and 2012," said the survey.

Global FDI flows are expected to jump increase from USD 1.2 trillion this year to USD 1.3-USD 1.5 trillion in 2011 and USD 1.6-2.0 trillion in 2012.

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