India has emerged as the fourth most attractive business location in the world beating the US. A survey by consultancy firm Ernst & Young’s shows that India’s growth has been built brick by brick with the nation slowly gaining investor confidence. India has improved its ranking from fifth to fourth this year. In a survey of 834 decision-makers about how they see the prospects of alternative business locations, 30 per cent respondents voted for India ahead of the US and Russia with 21 per cent votes each.
China maintained its lead by being rated the most attractive business destination with 47 per cent votes followed by Central Europe (42 per cent) and Western Europe (33 per cent). Some 21 per cent inves-tors have voted India as one of the top three most innovative countries ahead of UK, France, Finland and Sweden