News Brief
In a recent survey conducted by the Japan Bank for International Cooperation (JBIC), India has emerged as the top choice for promising business development.
In a recent survey conducted by the Japan Bank for International Cooperation (JBIC), India has emerged as the top choice for promising business development among Japanese manufacturing companies for the second consecutive year.
The survey, which garnered responses from 534 manufacturers spanning industries like automobiles, chemicals, and electronics, revealed that 48.6 per cent of the companies considered India a key destination for medium-term business growth.
The primary driver for India's strong performance is attributed to the growth potential of the local market, as reported by Nikkei Asia.
Shinichi Itagaki, the director of JBIC's strategic research department, highlighted the "deterioration of China's investment environment" as a significant factor influencing India's favorable position in the survey.
Additionally, India's population growth and ongoing infrastructure improvements have contributed to its appeal among Japanese manufacturers.
In contrast, China witnessed a decline in its ranking, with only 28.4 per cent of companies considering it a promising destination—the lowest score ever recorded in the survey.
Factors such as escalating tensions with the US, economic slowdown, and the strengthening of anti-espionage laws played a role in diminishing China's attractiveness for Japanese manufacturers.
Meanwhile, Vietnam secured the second spot, rising from fourth place, with 30.1 per cent of respondents considering it a promising destination for business development.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest