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Domestic Consumption Makes India Strong: Pro

1:30 AM ET Wed, 11 July 2012

Sid Yog, managing partner of the Xander Group, told CNBC why India is now the third most-favored investment destination according to a UN report: "India remains a strong investment destination because the Indian economy is fundamentally driven by domestic consumption, unlike most large economies around the world. It's not an export-led economy, and that as a safety net is a very strong trigger which investors look at."