Foreign investors are rejecting Indian stocks
A roaring economy is not enough to entice them
How to explain the disparity? India’s economy is growing astonishingly fast, Bangalore and Mumbai have become destinations for bosses of global financial firms and Narendra Modi trumpets the country’s appeal in his electoral campaign. Given the enthusiasm, surely foreign money is flooding into the country.
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This article appeared in the Finance & economics section of the print edition under the headline “Gift horse”
Finance & economics June 1st 2024
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From the June 1st 2024 edition
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