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India second best country for business investment

A new survey of American corporate executives shows that India is the second best country for business investment.

business Updated: Aug 01, 2008 11:45 IST

India is the second best country for business investment, a new survey of American corporate executives shows.

Conducted by Development Counsellors International every three years, the "Winning Strategies in Economic Development Marketing" survey has tracked trends in economic development since its inception in 1996.

This is the first year respondents were asked to rank the business favourablity of the world's 25 largest countries (based on GDP).

Of the 281 corporate executives who responded, 53.1 per cent named China as the most favouable country followed by India (45.1 per cent), Mexico (30.1 per cent), Britain (25.4 per cent) and Canada (22 per cent).

The corporate decision-makers who named India as the best for investment cited the country'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. The survey also polled the executives about the best US states for business.