India's economy is on the pivot of an ever increasing growth curve.

With positive indicators such as a stable 8-9 per cent annual growth, rising foreign exchange reserves of close to US$ 180 billion, a booming capital market with the popular "Sensex" index topping the majestic 14,000 mark, the Government estimating FDI flow of US$ 12 billion in this fiscal, and a more than 35 per cent surge in exports.

The Economic Survey 2006-07 reiterated the growth figures of 9.2 per cent in the fiscal year to March 31. As the economy expands at its fastest pace in two years, going by current trends, it will be able to maintain the current momentum, says the report.

It is easy to understand why India is a leading destination for foreign investment.

• India continues to be the best place to start a business, says a global services location index by AT Kearney.
  
  
• Estimated to be a US$ 350 billion industry, the Indian retail sector is growing at a three-year CAGR of 46.64 per cent.
  
  
• India's foreign exchange reserves stand at US$ 180 billion.
  
  
• India has displaced US as the second-most favoured destination for foreign direct investment (FDI) in the world after China according to an AT Kearney's FDI Confidence Index
  
  
• Poised at a phenomenal growth of 500 per cent, the Indian insurance industry is expected to reach US$ 60 billion in the next four years.
  
  
• India adds about five million telephone subscribers every month. The total number of subscribers is expected to reach 250 million by the end of 2007.
  
  
• India is the Sixth largest crude consumer in the world.
  
  
• India is the Ninth largest crude importer in the world.