1 min readNew DelhiDec 26, 2015 12:01 AM IST
First published on: Sep 30, 2015 at 12:57 AM IST
India has surpassed both the US and China in attracting foreign direct investment in greenfield projects, according to fDi Markets, a data service of Financial Times.
The FT data shows that India attracted FDI for greenfield investment, measured by estimated capital expenditure, worth $31 billion in the first half of 2015, ahead of $28 billion to China and $27 billion to the US.
According to FT, India has more than doubled its investment in the first half last year, attracting $30 bn by the end of June 2015 compared with $12 bn in the first half of the last year.
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India was ranked fifth last year for capital investment, while increasing its number of projects by 47 per cent. In 2014, China received $75 billion FDI while the US and the UK received $51 billion and $35 billion respectively.
As per the department of industrial policy and promotion (DIPP), India attracted FDI equity inflows worth $19.39 billion during the January-June period, up 30 per cent year-on-year.
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