Thursday, March 15, 2012

Business News

Paradise Lost

The government of the day is doing its best to ensure that Indialoses its charm for foreign investors.

Ashish Gupta

Call me cassandra. It seems a trifle demented to make a claim suchas the one above in a year that could be India's best yet in terms offoreign direct investment (FDI). By some estimates India will endDecember this year with some $8 billion (Rs 36,000 crore) of that.Then, there's the money being invested in Indian stock by ForeignInstitutional Investors (FIIs)-until November 12, they had invested$7.7 billion, Rs 34,650 crore-although this amount shouldn't reallybe taken into account because the breed will sell or buy to feed …

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