2010 GDP: $1.73 trillion
2010 FDI: $24.6 billion
India, the world's fourth largest economy, has seen quarterly GDP growth of around 7.5 percent over the past decade, but it is also one of the most difficult countries to do business in.
Stories of corruption in the government are rampant in India and it is the second worst country in the world when it comes to enforcing a business contract, behind East Timor. It takes on average of nearly four years to enforce a contract through India's courts, in comparison to three years in the rest of South Asia and more than one year on average in OECD countries.
It also ranks among the bottom three globally when it comes to dealing with construction permits, taking more than seven and half months to get one.
Recently, there have been growing protests from India's urban middle class against endemic political corruption and bureaucracy. Recent government scandals - including a bribery scheme involving the sale of telecom spectrum that may have cost the state up to $39 billion in revenues - has heightened the public's growing discontent with politicians.
Despite its unfriendly business environment, UNCTAD forecasts India, home to the world's second biggest population, will be among the top five attractive destinations for international investors over 2010-12.