India has emerged as the second fastest growing investor in the United States after the UAE between 2004 and 2008.
The recent years have seen the drift toward a newer group of investors from countries such as the UAE, India, Spain and Chile, Under Secretary of State for Economic, Energy and Agricultural Affairs Robert D Hormats said in his address to the US Council for International Business.
While historically European nations have been the leading investors in the US, the fastest growing between 2004 and 2008 have been the UAE, which has shown a 230% average annual increase over four years, followed by India with 64% increase, Spain with 60%, Chile 50%, Switzerland with 38%), South Korea with 31%, China with 30% and Indonesia with 27%.
Among top investors, European countries hold 62% of the stock of FDI (foreign direct investment) in the US, with Germany, Switzerland, the United Kingdom, France, and Spain as the main investing countries.
The next largest group of investors is Japan, Canada, and Australia.
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