India opens stock market to foreigners

Expanding economy courts investors but some wonder if move is in country's best interests.

    India has opened its doors to individual foreign investors who want to put their money into Indian stocks.

    The country has up until now limited how much foreigners can own or invest in Indian businesses by regulating it through packaged products offered by banks and financial institutions.

    With India's economic growth increasing, opening the stock market to foreign investors indicates the country's willingness to do business with the global business community. But some people do not agree that this is a good move.

    Al Jazeera's Sohail Rahman reports from Mumbai.

    SOURCE: Al Jazeera


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