December 7, 2013,
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A new report by global accountants Ernst & Young (E&Y) shows India as the most attractive investment destination ahead of China. Researchers point to a number of factors including the recent slew of reforms that resulted in the relaxation of foreign direct investment (FDI) rules that has contributed to a boost in global investor sentiment.
“With sharp currency depreciation and opening up of FDI in various sectors, India has become an attractive destination for foreign investors,” say the report’s authors.
As a result of macro-economic pressures and heavy debt pile, several Indian companies are looking to divest non-core businesses and this has created a large opportunity ...
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