India remains preferred destination for FDI

India has been able to retain its position as a preferred investment destination despite the global economic downturn, says the pre-budget economic survey.

"FDI flows in 2008-09 were also reflection of the confidence of foreign investors in the growth prospects of the Indian economy...India continues to retain its position as a preferred destination for investments," said the pre-budget economic survey tabled in Parliament today.

The Economic Times