June 6 - Following China, Central Europe and Western Europe, India has been ranked the fourth most attractive investment destination in a survey of 834 respondents across the world. The survey conducted by Ernst and Young found the South Asian country being preferred in terms of prospects of alternative business locations, according to the Economic Times.

While China received 47 per cent votes, Central Europe and Western Europe got 42 per cent and 33 per cent votes respectively.  With 30 per cent votes, India emerged ahead of the US and Russia, which received 21 per cent votes each.

To further boost the investment mood in India, KPMG in a recent report expects the investment management industry in the Asia-Pacific region to witness an exponential growth driven by strong demographic and economic fundamentals despite short-term challenges.

Naresh Makhijani, executive director, KPMG India said, “Though Asia Pacific accounts for more than 60% of the world’s 6.5 billion population, it remains underdeveloped in terms of penetration of investment management services. Nevertheless, there is going to be a sea change in this regard as ageing populations and burgeoning middle class incomes help drive pension market reforms in many parts of the region.” the Financial express quoted him as saying.