| Author | Message | ||
Nenu Side Hero Username: Nenu Post Number: 2043 Registered: 08-2013 Posted From: 202.78.173.231 Rating: |
The New Year – 2016, has seen a dramatic outflow of capital from India, and our Finance Minister appear to be clueless about how to stop it. The first two weeks of 2016 have seen the sharpest foreign funds outflow since SEBI started keeping records in 1999. Foreign Portfolio Investors have pulled out $700 million from the Indian markets this year. Worryingly, long-term funds invested in India are also witnessing redemptions, which don’t bode well for our economy. Seen along with contraction of capital goods by 24%, IIP being at a 4 year low, the macro-economic numbers reveal all is not well with the economy. I am God; God is great |
