New Delhi: Nearly 44% of 1,200 business leaders surveyed in the US, Japan and Singapore According to a survey conducted by the consulting firm, are planning to invest in India for the additional or the first time and about two-thirds of the first time investments will be done within the next two years. Deloitte.
The survey, conducted during the peak of the second wave of the COVID-19 pandemic in India this year, found that a large proportion of international business leaders believe in India’s short- and long-term prospects and plan to build additional Used to be. First time investment in the country
An analysis by Deloitte showed that India would need $8 trillion of gross capital formation (new greenfield assets) to become a $5 trillion economy by FY2027. Based on past trends, India will need at least $400 billion in FDI, cumulatively, over six years.
Asked to identify the sectors most likely to look at new investment utilities (energy infrastructure) led the way (57%), indicating India’s plans to significantly increase its renewable capacity, while Financial services (49%) and healthcare (48%) are also ranked highly. .
India has the strongest positive sentiment in the US as compared to markets like China, Brazil. Mexico, and Vietnam. Given the US and UK’s strong historical ties with India, business leaders in the US and UK expressed greater confidence in India’s stability. However, respondents from Japan and Singapore currently view Vietnam as their preferred investment destination, the survey showed.
“After the challenges of the last 18 months, the survey is a positive validation of the underlying strength of the Indian economy, especially its appeal to foreign investors. We believe the outlook can improve only because of India’s improvement in ease of doing business, including fiscal gains and other reforms. These positive steps further reassure me that India is moving towards its ambition of a USD 5 trillion economy.” Punit Renjen, Deloitte Global A statement from the consulting firm quoted the CEO as saying.
While there is significant crossover, more business leaders, especially in Japan, are investing in India for access to the domestic market rather than using it as a springboard for exports, the survey showed.
It added that despite recent reforms to improve ease of doing business in India, awareness among investors remains low. Business leaders in Japan (16%) and Singapore (9%) were least aware of initiatives such as the digitization of customs clearance and production-linked incentives for manufacturers. Accordingly, India was perceived as a more challenging environment to do business in than China and Vietnam. about 75% of the business
The leaders said they were more willing to invest in India after becoming aware of existing government programmes, incentives and reforms, according to the survey.
India may target to attract more FDI in seven capital-intensive sectors- textiles and apparel, food processing industries, electronic goods, pharmaceuticals, vehicles and parts, chemicals and APIs, and capital goods, which have registered 181 per cent in FY20. Contributed to trade exports worth billions of dollars. -21. It said such investments would help boost the export growth of these sectors by six times to US$ 1,075 billion by FY 2026-27.
The survey, conducted during the peak of the second wave of the COVID-19 pandemic in India this year, found that a large proportion of international business leaders believe in India’s short- and long-term prospects and plan to build additional Used to be. First time investment in the country
An analysis by Deloitte showed that India would need $8 trillion of gross capital formation (new greenfield assets) to become a $5 trillion economy by FY2027. Based on past trends, India will need at least $400 billion in FDI, cumulatively, over six years.
Asked to identify the sectors most likely to look at new investment utilities (energy infrastructure) led the way (57%), indicating India’s plans to significantly increase its renewable capacity, while Financial services (49%) and healthcare (48%) are also ranked highly. .
India has the strongest positive sentiment in the US as compared to markets like China, Brazil. Mexico, and Vietnam. Given the US and UK’s strong historical ties with India, business leaders in the US and UK expressed greater confidence in India’s stability. However, respondents from Japan and Singapore currently view Vietnam as their preferred investment destination, the survey showed.
“After the challenges of the last 18 months, the survey is a positive validation of the underlying strength of the Indian economy, especially its appeal to foreign investors. We believe the outlook can improve only because of India’s improvement in ease of doing business, including fiscal gains and other reforms. These positive steps further reassure me that India is moving towards its ambition of a USD 5 trillion economy.” Punit Renjen, Deloitte Global A statement from the consulting firm quoted the CEO as saying.
While there is significant crossover, more business leaders, especially in Japan, are investing in India for access to the domestic market rather than using it as a springboard for exports, the survey showed.
It added that despite recent reforms to improve ease of doing business in India, awareness among investors remains low. Business leaders in Japan (16%) and Singapore (9%) were least aware of initiatives such as the digitization of customs clearance and production-linked incentives for manufacturers. Accordingly, India was perceived as a more challenging environment to do business in than China and Vietnam. about 75% of the business
The leaders said they were more willing to invest in India after becoming aware of existing government programmes, incentives and reforms, according to the survey.
India may target to attract more FDI in seven capital-intensive sectors- textiles and apparel, food processing industries, electronic goods, pharmaceuticals, vehicles and parts, chemicals and APIs, and capital goods, which have registered 181 per cent in FY20. Contributed to trade exports worth billions of dollars. -21. It said such investments would help boost the export growth of these sectors by six times to US$ 1,075 billion by FY 2026-27.
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