Forbes has issued the list of countries for best business opportunity. India has managed to secure the 77th spot among the best countries for business. Last year it was declared the country with second highest growth in the world.

In spite of deep recession and global economic downturn, India has managed to perform well in international level where number of major economies has lost their way in the middle. As per the survey, US have been slipped to Number 9 from its earlier position of Number 2 in the list.

The US business magazine has also informed that India is successfully developing into an open-market economy during past few years. Forbes has also placed India ahead of some of its neighboring countries.

Sri Lanka has been placed at 83th position. China and Pakistan have been ranked at 90th and 92nd spot respectively. Forbes has informed that India has become the major exporter of information technology and information technology enabled services.

Although there has been a slow GPD growth during the slowdown but the economy is still attracting FIIs to invest into it.