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


    YOU MIGHT ALSO LIKE

    Meet the deported nurse aiding asylum seekers at US-Mexico border

    Meet the deported nurse helping refugees at the border

    Francisco 'Panchito' Olachea drives a beat-up ambulance around Nogales, taking care of those trying to get to the US.

    The rise of Pakistan's 'burger' generation

    The rise of Pakistan's 'burger' generation

    How a homegrown burger joint pioneered a food revolution and decades later gave a young, politicised class its identity.

    'We will cut your throats': The anatomy of Greece's lynch mobs

    The brutality of Greece's racist lynch mobs

    With anti-migrant violence hitting a fever pitch, victims ask why Greek authorities have carried out so few arrests.