Global economists have predicted that the “high performance of the Indian economy” infused by “the improving policy environment” is expected to accelerate “direct investment” to USD 8 billion from USD 6.5 billion the previous year.

The Institute of International Finance (IIF) says that global foreign direct investment (FDI) is valued at USD 211 billion this year up from USD 185 last year. From that perspective, India is under-performing in terms of percentage of FDI that it is attracting. On the other hand, with reforms really taking off only recently, the growth in FDI is spectacular. Especially alluring is the booming property market long repressed by policy restrictions.

The government also announced that it has approved 23 proposals valued at Rs. 5,910 crore (USD 1.28 billion) and the prominent beneficiaries include Lehman Brothers, Velcan Energy from France, and Horse Shoe Capital from Mauritius.

The IIF is a global association of financial institutions.