According to a survey by EY and the Confederation of Indian Industry (CII), reform and economic growth will increase foreign direct investment potential to $475 billion in five years.

A CII-EY poll found that a majority of the MNCs already operating in India view the country as a potential replacement for their China+1 strategy, with confidence fuelled by both near- and long-term opportunities.

Seventy-one percent of multinational corporations (MNCs) viewed India as a favorable investment destination for their worldwide expansion, according to a poll done jointly by EY and CII titled "Vision 'Developed In....