Companies Favor Investment in India (Reuters)

Foreign direct investment on the rise in India, which U.N. cites as third most popular investment destination.

India is the third most popular investment destination for global companies, according to a United Nations  report released today. China and the United States grabbed the list’s top spots.

Foreign direct investment flows into India rose 30% in 2011, and may grow by 20% to 25% this year, according to the report. The country began allowing full foreign ownership of single brand retailers this year, which may drive more corporate investment.

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