And yet India isn’t getting such love, with foreign direct investment (FDI) actually declining over recent months. But the other explanation lies in the recent past, with local opposition and politically-inspired protectionism getting in the way of investments. Outside of North Asia, the survey highlighted Vietnam as the biggest winner in Asia, followed by India. Companies making consumer electronics, textiles, clothing, healthcare equipment and heavy machinery were seen as more likely to move to India, the survey showed. He expects more FDI to flow into the manufacturing sector in the next three to five years as China slows.

Source: Mint May 17, 2019 04:07 UTC