India's 5th most preferred country for investment

In the survey conducted among all the CEOs around the world, India has come fifth in the list of preferred countries for investment. Earlier, Japan was at number five. At the same time, the International Monetary Fund has said that in 2018 India will emerge as a fast growing economy once again.

In the survey conducted by consulting firm PricewaterhouseCoopers, all the CEOs said that apart from their home market, they are more likely to invest in the US. After this China is number one. In this list, India has moved above countries like Germany and Britain and has come up.

According to the Times of India news, this survey is like a booster for PM Modi who will encourage foreign investors to invest in India. PM Modi's special focus is on the sector of manufacturing where the speed is not visible. This sector is very important for providing employment.

PwC India Chairman Shyamal Mukherjee said that with the structural reforms, India's story seems to be better in the last one year. Most of our customers are optimistic about their development. The government has made efforts to address the concerns of areas like infrastructure, manufacturing and skill, although new threats like cyber security and climate change have also come to our notice.

In the last few years, opening of many key areas for foreign investors has increased in FDI in India by 17% in the first half of the current financial year. It was $ 60 billion for the first time in 2016-17, but less than half of China's $ 137 billion in 2017.

Despite all this, the IMF reiterated its earlier estimate on Monday and said that in 2018 India will grow at 7.4% and in 2019 this will increase to 7.8% compared to the previous year. On the contrary, the IMF estimates that China, which is growing faster than India, will slow its growth momentum. China will grow at 6.4 percent in the coming year instead of 6.8 percent of 2018

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