India is the third most popular investment destination forglobal companies, according to a United Nations reportreleased today. China and the United States grabbed the list's topspots.

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

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