International Business News-India lags behind China: Survey

India is likely to witness the largest growth in its share of overall foreign investment over the next five years and should become the world leader for investment in manufacturing. But it is China that will corner the biggest chunk of corporate investment by 2013-14, moving ahead of even the US, global think-tank KPMG says in its latest survey released on Thursday.“As investments go global, the smart money is increasingly finding its way from the traditional investment destinations of the US and Europe to the BRIC countries (Brazil, Russia, India and China),” said KPMG CEO in India, Russel Parera. “The more recently recognised India opportunity is reflected in the fact that a significant amount of investment into India in the next five years is expected from first time investors,” he added.However, though the growth of Indian investment scenario is overwhelming, it is way behind China, already acknowledged as a major new economic power that is expected to receive funds from 24 per cent of corporate investors globally, the KPMG survey titled 'Global Corporate Capital Flows 2008-09 to 2013-14' underlined.