Obama's FDI remark draws sharp criticism from Government, Opposition

PUBLISHED ON: July 16, 2012 | Duration: 2 min, 52 sec

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Barack Obama's statement that the investment climate in India is "deteriorating" seems to have politically united India and raised hackles across party lines. On Twitter, the Prime Minister's Office (PMO) pointed out that according to a recent UNCTAD report, India is the third most desirable destination for Foreign Direct Investment (FDI). "FDI inflows to South Asia turned around as a result of higher inflows to India, the dominant FDI recipient in the region.The two large emerging economies, China and India, saw inflows rise by nearly 8 per cent and by 31 per cent, respectively," the PMO tweeted.
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