In 2016, India held the crown as number one destination for Greenfield Foreign Direct Investment (FDI) for the second consecutive year in a row. India received US$62.3 billion of foreign investment through 809 projects during 2016, a growth of 2% over the previous year. India was followed by China (US$59 billion of announced FDI) and the US (US$48 billion of announced FDI). A survey by the United Nations Conference on Trade and Development (UNCTAD) stated that India would remain among the top three investment destination globally till 2019. India’s rank in the A.T. Kearney FDI Confidence Index also climbed up by one spot to the 8th position. Vikas Kaushal, partner and country head at AT Kearney, said, “Reform efforts by the current government have improved the country's investment environment. This includes the national goods and service tax (GST) reform, the largest non-direct tax reform in India in recent years.” ...

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