"India is clearly becoming a more and more important player on the world stage in G20 context, in terms of its role in the global economy. It is very useful for us to exchange ideas and build the basis for future collaboration," as per Mr Ben Bernanke, Chairman, US Federal Reserve.
India is the fifth best country in the world for dynamic growing businesses, according to the Grant Thornton Global Dynamism Index. The index gives a reflection of how suitable an environment it offers for dynamic businesses.
Germany, India's largest trading partner in the European Union, is bullish about its prospects. "India has a huge advantage over a number of countries, as its democratic system provides long-term stability. But India has another asset in its enormous market," said Mr Michael Steiner, Germany's Ambassador to India.
In addition, India is expected to be the second largest manufacturing country in the next five years, as per Deloitte Touche Tohmatsu Ltd (Deloitte).
The total amount of FDI inflow into India (including equity inflows, 're-invested earnings' and 'other capital') from April 2012 to October 2012 stood at US$ 21,850 million, according to data released by Department of Industrial Policy and Promotion (DIPP). The cumulative amount of FDI equity inflows during April 2012 to October 2012 stood at US$ 14,787 million.
FIIs made a net investment of Rs 11,364 crore (US$ 2.07 billion) in the equity market and of Rs 7,851.70 crore (US$ 1.43 billion) in the debt market upto October 12, 2012 in the current year, according to data released by the Securities and Exchange Board of India (SEBI).
SEBI has announced that reinvestment facility for FIIs and sub-accounts will also be applicable for limits acquired even before January 2012.