Thursday, February 24, 2011

Foreign Investment Ebbs in India

Foreign direct investment in India fell more than 31 percent, to $24 billion, in 2010 even as investors flocked to developing nations as a group.
And in the last two months, foreign investors took $1.4 billion out of the Indian stock market, helping drive the country’s Nifty 50 stock index down 17 percent from the record high it set in early November.
The decline in foreign investment highlights the challenges outsiders still face in India, two decades after policy makers

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