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India attracts 30 percent of BRICs FDI

India attracts 30 percent of BRICs FDI

According to the FDi report 2013, three of the BRICS countries namely India, China and Brazil, ended up in the top 5 destination countries for Foreign Direct Investment (FDI) globally in 2012.

Collectively, they attracted 18% of  all global FDI projects. Regarding India, is has attracted 30.02% of all the FDI projects from the BRICS countries. The city which attracted the biggest amount of FDI in India, is Bangalore with 15% of total projects between 2003 and 2012.

Moreover, India is expected to attract even more FDI project in the medium to longer term, thanks to reforms such as, passing a new law about land acquisition, allowing  more FDI in retailing, airlines and broadcasting.

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