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Forbes survey rates India as a better place to invest
By agencies
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Tuesday, 01 August 2006, 19:30 IST
NEW DELHI: IndiaÂ’s population is growing at an alarming pace, no doubt. ItÂ’s competing with China on that front. But a survey conducted by the Forbes magazine has for sure gladdened many Indian hearts.
The second annual survey conducted by Forbes has revealed that India has 27 billionaires, against only 10 of China, and the 40 richest Indians have a collective net worth of $106 billion against the 40 richest Chinese with a collective net worth of only $61 billion. The study also judged the how strong the economies of both the countries were on the parameters of size, profits, market value and assets.
It further discloses that what makes India a strong terrain for investors are its democracy, rule of law, English language fluency and, the fact that half of its population is under 25.
India must be having nuclear deal issues with the US but still it is regarded to be a natural ally of the Big Brother but U.S. China ties are deemed wary and tense. ChinaÂ’s draw back at this stage it seems, are government ownership issues which acts as a deterrent to its market potential.
But itÂ’s not yet time to rest on these laurels. Though investment opportunities in India are tremendous, the survey concludes that investors need to tread charily as all companies are not easy on the pocket. But at the base level, Indian companies are glaring as ever.