India was the dominant destination market when it came to job creation in FDI projects in 2022, benefitting from China's troubles. By Glenn Barklie, Investment Monitor
Some foreign direct investment (FDI) projects were announced in 2022 that will create tens of thousands of jobs. Unsurprisingly, these deals are to take place in developing markets.
India was the destination of choice for several companies that are looking to utilize the country’s array of available talent to service their manufacturing and service-based operations. Also, the lower cost of operations in India is attractive, particularly for companies looking to diversify or relocate from China.
Capgemini, Foxconn, Logos, Teleperformance and Hong Fu Industrial Group announced the largest job-creating FDI projects in 2022.
Large investments underpin a successful 2022 for India
India’s attractiveness as a FDI destination is undoubtedly on the rise. The number of greenfield investments into India grew by more than 70% in 2022, according to provisional figures from GlobalData’s FDI Projects Database. The Asian country became the third-largest FDI market that year, having been the fifth largest in 2021.
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