new delhi india incs shoppingspree across the globe is at an all time high and will continue to be robust even in 2007 says a report by ficci and ernst and young the total outbound deals which were valued at 43 billion in 2005 crossed 15 billionmark in 2006 and it could well breach the 35billion level this year the report on direct investments in the unites states of america by indian enterprises saidaccording to the report it and ites have emerged as the frontrunners in outbound investment from india to the us accounting for 48 of the total 46 deals worth over 2 billion in 200607 the us has emerged as a dynamic market for indian companies which are likely to invest about 10 billion in that country by 2010 says amit mitra secretary general ficcibesides the bigger deals small and medium enterprises also made acquisitions in areas like it ites pharma and healthcare irrigation electricals automotives textiles telecom paint paper and gems and jewellery that were in the range of 2060 million while majority of deals took place in the it ites sector 48 pharma and healthcare 9 and gems and jewellery 7 are the others two sectors that individually contributed more that 5 of the total number of deals greater activity would be witnessed in the small and medium enterprise segment in next few years he added the investments were primarily driven by increased profitability cost advantage increased willingness of corporate india to take on risk a liberal regulatory stance of government and exposure of domestic companies and their management to the us companies says the study management practices and maturing of the corporate sector in terms of fundamentals and competitiveness were the other reasons fuelling the growth in outbound deals it said for the first time ever the total value of outbound deals exceeded that of inbound deals in the first half of 2006