India remains the hottest destination for FIIs
- India continues to remain at the top spot in attracting investments from foreign institutional investors.
- FIIs invested a whopping sum of $6.34 billion in Indian equities so far this year which is the highest among emerging markets. Next to India is Mexico attracting investment of $4.83 billion, followed by Brazil $4.63 billion, South Korea $4.40 billion and Taiwan $3.34 billion.
- IMF and World Bank forecasted India’s growth rate at 7.5% this year. World Bank predicted a GDP growth rate of 8% for India by 2017.
- The forecasts indicate that India will outpace China this year to become world’s fastest growing major economy and the gap will further widen in 2016.