India second best country for investment

India is considered to be the best place to make investments. The recent survey of Development Counselors International (DCI) in U.S has proven the point yet again as India is ranked as the second best country to invest. The "Winning Strategies in Economic Development Marketing" survey has tracked the trends in economic development since 1996. It is held every third year and this year India has acquired the second position for investment after China, which surely brought a stir to Indian market.

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There were 281 respondents from corporate executives who participated in the survey to rank the business favorability of world's 25 leading countries based on GDP. India is the fifth largest economy in the world and it has the third largest GDP in the entire continent of Asia.

India offers high prospects for growth and economic potential in various areas of business. In the DCI survey, 53.1 percent of the total respondents voted China as the most favouable country for business investment. India ranks second with 45.1 percent, followed by Mexico with 30.1 percent, Britain with 25.4 percent and Canada with 22 percent. The "growing economy/business opportunities" and "low overall/operating costs" in India were voted 38 per cent and 18 percent of the total response, respectively.

DCI president Andrew T Levine said that countries and their economic development organizations need to pay close attention to the results of this survey as the global battle for business is becoming more intense. Insights to the any business location help companies investing money at the proper place. India as an emerging developing country was not able to generate a good deal of interest to foreign investors like other economies such as China. Hopefully the result of this recent survey will bring in a lot of investors to India.