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For investors, India is less risky than China

India continues to be less risky than China as a business destination, according to a corporate study. India has been ranked 10th among 29 emerging markets in the latest country risk analysis by Economic Intelligence Unit (EIU), an information service arm of the Economist group.

With a score of 39 out of 100 in the risk scale, India has got 'B' risk rating and has outranked China (41), Saudi Arabia (41), South Africa (45), Mexico (45), Brazil (48) and Egypt (49), who have got 'C' rating.

However, Singapore (11, A rating), Hong Kong (21) continue to be the safest place for foreign investment, followed by Taiwan (25), Israel, Hungary and Poland (37), who have qualified for 'B' rating. Not surprisingly, Iraq is the most dangerous country to do business, with a score of 91 out of 100, followed by Argentina (76).

A low risk rating is an important indicator of a country's global credit rating and the willingness of foreign investors to invest in a country. Industry representatives said India has an opportunity to gain from China 's slowdown.

Experts said country risk report comes in handy as a decision making tool for MNCs to enter or expand in new markets.

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