Washington DC, Feb 11: In what appears to be a sign of success for Narendra Modi’s ‘Make In India’ campaign, a report released by United States of America’s prominent media house names India the best country to invest in 2016. Among 65 nations shortlisted, India was found to be the most conducive region to accelerate trade, manufacture and business. Also Read - Politics Heats up Over Farm Bills 2020, PM Modi Says Opposition Misleading Farmers; Cong Calls it 'Blatant Attack' on Federal Structure

The research was undertaken by the University of Pennsylvania in collaboration with US News & World Report. Among the top five countries named in the research report include – Ireland (5), Indonesia (4), Vietnam (3), Singapore (2) and India (1). Prime Minister Narendra Modi has been praised for introducing fiscal reforms and aggressively promoting his ‘Make in India’ initiative in order to induce global investors. (ALSO READ: Maharashtra Government splurging crores on ‘Make in India’ despite drought: NCP) Also Read - 'Great Leader And Loyal Friend', Trump's Birthday Wish For PM Modi

“Recent fiscal policy reforms have stabilized and strengthened the rupee and India’s rapidly growing economy. On the heels of the launch of ‘Make in India’, a federal campaign to promote investment, the country surpassed China to become the top recipient of foreign direct investment in 2015,” the report stated. Also Read - Happy Birthday Narendra Modi: Kangana Ranaut Prays For Prime Minister’s Long Life in a Video

The report comes at a time when India is expecting top global giants to invest heavily in India which would boost the country’s manufacturing sector and in turn create huge jobs for the country’s unemployed skilled manforce. The report comes at a time when Indian government is hosting ‘Make In India’ week in Mumbai, putting up investment opportunities before global corporate giants.