By Amit Kapoor,
The theory that developing countries should attract investments is based on the fact that investments, especially FDIs have immense ability to raise the standard of living of the people. FD’s continued to be the most significant foreign inflows to developing countries in 2014. If the inflows to China are taken out of the equation, FDIs become the second largest inflows after remittances. India accounts for roughly $71 billion out of the $608 billion expected to be remitted to countries, according to the World Bank, in 2014. China is at a close second and is expected to have remittance flows of $64 billion.