India receives less FDI than China: IFC study

The figures for earlier years were similar. In 1994, for instance, China got 37.056 billion of FDI and India received 680 million. In 1991, the year of India8217;s economic reforms, FDI received by India totalled 153 million and China 4.733 billion; in 1992, India 165 million and China 12.159 billion; in 1993, India 305 million and China 30.746 billion.

This, says the study, reflects India8217;s relatively slow progress in restructuring growth and orienting its policies to encourage FDI.

quot;The big story of the past 15 years has been the rise in FDI in China. Between 1990 and 1996, China received some 167 billion in 1996 prices.quot;

Topdeveloping country recipients of FDI in 1996 in value were in the following order: China, Mexico, Malaysia, Indonesia, Brazil, Poland, Colombia, Czech Republic, Thailand, Peru and India.