'India must do more to attract FDI'

India's economic reforms and its efforts to attract foreign investment put it in the "limelight", but it must do more to attract foreign investors, John Peters, the minister counsellor for commercial affairs, embassy of the United States of America, said on Thursday.

India's confidence, credibility and courage to move forward would make it a world leader in future, Peters said in his lecture on 'Sourcing goods and services from the US' hosted by the Indo-American Chamber of Commerce in Jaipur.

The US had recorded 772 exports deals with India and made business worth $627 million in the last eight months, compared with the US' exports deal with Mexico, China and Brazil at $647 million, $550 million and $500 million respectively in the same period, he said.

"The US exports to India have been steadily increasing and in the last eight months by 19 per cent."

On the foreign direct investment inflow to India, Peters said, every nation was competing with each other to buy and sell goods, technology, and manpower, but the money would flow to other places if the old policies continued.