India 2nd Best Country for Investment: US Survey

A new survey of American corporate executives brings some refreshingly stellar uplifting news for India.

The "Winning Strategies in Economic Development Marketing" that is Conducted by Development Counsellors International every three years reported that India is the 2nd best country for investment.

53.1 per cent of the respondents ranked China as the most favourable country followed by India (45.1 per cent), Mexico (30.1 per cent), Britain (25.4 per cent) and Canada (22 per cent). They cited India’s labour force - including its supply, skill level and cost 65 per cent of the time as the reason for their positive perceptions.

India's "growing economy/business opportunities" and "low overall/operating costs" were named 38 per cent and 18 per cent of the time, respectively.

This is a bright ray of hope for disgruntled Indians coping with soaring prices of fuel and food.