US attracts India Inc the most, says study

[OhioChick]

NEW DELHI: The US has emerged as not just the largest investor in India's booming economy but also tops the list of countries where India Inc is putting its money for mergers, acquisitions and alliances, says a new study.

Between 1996 and 2005, the US attracted the largest share of Indian investment worth $2.16 billion, says the study conducted by global consultancy Ernst and Young and the Federation of Indian Chambers of Commerce and Industry (FICCI).

Russia was next with $1.76 billion, followed by Mauritius ($1.04 billion) and Sudan ($964 million), says the study that highlights the growing appetite for globalisation among Indian companies.

The report attributes the large outflow of Indian investments to the impact of economic reforms, the opening up of overseas investment avenues, export drive and the hunger for new technology, competitiveness and new markets.
http://timesofindia.indiatimes.com/NEWS/India_Business/US_attracts_India_Inc_the_most_says_study/articleshow/526484.cms

[varun]

1. India is also #1 in sending its students to US Universities

much ahead of China, which has a larger population and is more prosperous than India.