TNI Bureau: India has now emerged as one of the top five investment destinations in the world, primarily because of large market size and high customer potential, says a survey.
The consulting firm BDO Global Market Opportunity Index 2012 covered more than 1,000 senior finance officers spread across 14 countries, including India, the US and the UK. The survey examines the views of the company’s finance chiefs to expand in specific countries.
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In terms of investment destinations, India continued to be at the fourth spot in the list headed by Asian giant, China. In the Index, however, the US, Brazil and Germany secured the second, third and fifth position respectively.
Meanwhile, the survey acknowledged that the professional services like, technology, media and telecoms sectors are appealing investment in the country. It also attributed that large market size, customer potential and cheap labours are the driving force for investment destination in India. Nevertheless, the survey also said that India is perceived as a risky place to make investments.
Interestingly, three of the four BRIC countries are considered among the top 20 risky markets, Russia ranks ninth, China 13th, and India 20th. This shows that, while BRIC countries are seen as attractive markets for investment, they also come with some inherent perceived risk.