India’s dismal record for attracting foreign direct investment is a sore point among Indian government officials. But things might go their way this year, according to the FDI Confidence Index, an annual survey of executives of the world’s largest companies conducted by consultancy AT Kearney. This places India third in its list of top 25 FDI destinations for 2004, behind China and the US.
In recent years, FDI in India has averaged about $4 billion a year.
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