India has emerged as the world's top investment destination, along with China, in the eyes of the world's 20 most powerful bankers, a latest study shows.
In a survey conducted by Washington-based Financial Services Forum, India and China have both been ranked as the place of most attractive investment opportunities by CEOs of world's leading banking and financial services firms.
India has moved up the ranking from its second position in the previous bi-annual survey released in October last year, while China has managed to retain its top slot.
The survey, in which the CEOs named protectionism as the biggest threat to global economy, assumes significance as the Forum represents some of the biggest and influential names on the Wall Street and other leading global financial markets.
The think-tank is chaired by the world's largest banking group Citigroup's CEO Charles Prince and represents CEOs of 20 of the Wall Street's biggest firms--Goldman Sachs, Deutsche Bank, UBS, Morgan Stanley, AIG, Merrill Lynch, Bank of America and Lehman Brothers among others.
The 20 CEOs ranked both China and India as the best investment destination with a score of 4.13 points each in the latest survey that was carried out in the first fortnight of April. In the October survey, China had topped the list with a score of 3.9 on a one-to-five scale, while India had come close second with a score of 3.7 points.
India was ranked by at the second position a year ago as well with a score of 4.38 points, behind China's 4.69 points.
CEOs named restrictive trade policies as the most serious threat to the world economy with a score of 3.93, ahead of other issues like terrorism and energy prices.
Courtesy : Expressindia.com
In a survey conducted by Washington-based Financial Services Forum, India and China have both been ranked as the place of most attractive investment opportunities by CEOs of world's leading banking and financial services firms.
India has moved up the ranking from its second position in the previous bi-annual survey released in October last year, while China has managed to retain its top slot.
The survey, in which the CEOs named protectionism as the biggest threat to global economy, assumes significance as the Forum represents some of the biggest and influential names on the Wall Street and other leading global financial markets.
The think-tank is chaired by the world's largest banking group Citigroup's CEO Charles Prince and represents CEOs of 20 of the Wall Street's biggest firms--Goldman Sachs, Deutsche Bank, UBS, Morgan Stanley, AIG, Merrill Lynch, Bank of America and Lehman Brothers among others.
The 20 CEOs ranked both China and India as the best investment destination with a score of 4.13 points each in the latest survey that was carried out in the first fortnight of April. In the October survey, China had topped the list with a score of 3.9 on a one-to-five scale, while India had come close second with a score of 3.7 points.
India was ranked by at the second position a year ago as well with a score of 4.38 points, behind China's 4.69 points.
CEOs named restrictive trade policies as the most serious threat to the world economy with a score of 3.93, ahead of other issues like terrorism and energy prices.
Courtesy : Expressindia.com