But slips on Inclusive Development Index

India is gaining recognition among investors as it was ranked as the fifth most attractive market for investments by a chief executive officers’ survey of a global consultancy PwC.

Nine per cent of the surveyed CEOs rated India ahead of Japan, which received support from 8 per cent. The United States (46%), China (33%), Germany (20%) and the United Kingdom (15%) were ranked first to fourth.

PwC India Chairman Shyamal Mukherjee attributed the improved ranking to Indian government’s efforts to address concerns around areas like infrastructure, manufacturing and skilling.

But there are newer threats like cybersecurity and climate change for the business community, he pointed out.

PwC interviewed 1,293 CEOs across 85 countries between August and November 2017.

But India fell to 62nd place among emerging economies on an Inclusive Development Index by the World Economic Forum (WEF).

Last year, India was ranked 60th among 79 developing economies. fii-news.com