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Bangalore, Oct. 18 India might perceive the current global economic turmoil as a dampener in its march towards a stronger economy, but a report prepared by KPMG for the Confederation of Indian Industry highlighted an interesting perception that says India can expect its share of corporate investment to rise by 8 per cent to 18 per cent over the next five years, the largest increase recorded in the survey. “It will move from seventh to fourth in the investment league table, overtaking the UK, Germany and France. Even Japan, Singapore, Dubai, Malaysia and Spain are expected to be relegated.

The report titled ‘Manufacturing Indi@75’ released at a CII Conference here on Friday, said a shift in the in the perception of corporate investors was expected, between 2008-09 and 2013-14, about India’s potential.

Moreover, India is expected to have the highest growth in terms of number of business houses that plan to invest here, compared to any another destination in the world.

KPMG International recently conducted a survey covering 15 countries with 300 corporate investment strategists responding to questions on where and how they planned to invest the funds under their charge during the next five years.

They expect India to displace the US, to take second place after China.

In manufacturing, it is slated to lead the world in terms of investment, with 25 per cent of corporates expecting to invest in India over the next five years.

Also by contrast, with the other BRIC countries (Brazil, Russia, India and China), 65 per cent of the investment into India is anticipated to come form new entrants into the country.

“Hence we see an opportunity for business houses in India to gear up for global competition, leapfrog into the global league by fostering partnerships and re-position themselves to attract the new investment flows,” the CII-KPMG report said.

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