India still a foreign investment hot spot-E&Y

Newswire

* Red tape, corruption, poor infrastructure key concerns * Automakers, tech companies lead FDI increase By Henry Foy MUMBAI, Jan 29 (Reuters) - Foreign direct investment in India is set to swell in coming years as investors stomach a lack of transparency, poor infrastructure and policy paralysis in their search for growth, professional services firm Ernst & Young (E&Y) said in a report. Overseas investment in Asia's third-largest economy rose for the first time in three years in ...

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