No Restrictions Imposed on FII Investments in India - Indian Stock Market Going Strong
posted on 28th Oct 2010
Inaugurating the two-day Economic Editors' Conference in New Delhi, India's finance minister Mr. Pranab Mukherjee said that no restrictions will be imposed on FII investments in India. Honourable minister stated At this time, I am not thinking of putting a cap on FIIs (investment in the equity market) . It's worth noting the fact that India is the only country to enhance FII investment limits in debt this year while other developing economies like while Brazil and Japan have moved to limit inflows. The main reason to have enforced this stand out decision seems to be the record $24.48 billion in Indian stocks this year.
The FM cleared that the government is aspired to maintain the tempo of investment to finance the infrastructure gap estimated at $1 trillion. The economist run UPA regime in India has continued on its commitment for Indian finance
, regarding liberal foreign investment by ruling out any immediate need of restrict icing FII participation in stock markets.