Currency depreciation and an opening up of FDI in a variety of sectors drove India to the top of E&Y’s Captial Confidence Barometer.
Brazil came in second with China in third place. Rounding out the rest of the top ten was Canada (4) U.S. (5) South Africa (6), Vietnam (7), Myanmar (8), Mexico (9) and Indonesia (10).
According to an article in the Economic Times, the sectors in India that should receive the most investment are automotive, technology, life sciences and consumer products.
"Indian companies also reflect a concerted focus on job creation as well as optimizing operations to deliver cost reduction," the report said.
Read the full article, India emerges most attractive investment destination: EY