Riding on an improved sentiment for the India'' economic growth, the capital flows to the country will almost double to $33.9 billion (Rs 1,59,003 crore) in the current fiscal as against an estimated $17.3 billion in 2008-09, says Morgan Stanley. "We expect improvement in capital flows to $33.9 billion in FY2010 and $41.3 billion in FY2011 compared to $17.3 billion (estimated) in FY2009," Morgan Stanley economist Chetan Ahya said in a report.
The report stated that clear decisive mandate for the Congress-led UPA has ignited the hopes that the new government would bring in reforms which may help boost the country''s economic growth.
The report also stated that in line with the deterioration in the global capital market environment, the capital inflows into the country fell during the December 2007 quarter, despite the attractive long-term investment story.
The report stated that clear decisive mandate for the Congress-led UPA has ignited the hopes that the new government would bring in reforms which may help boost the country''s economic growth.
The report also stated that in line with the deterioration in the global capital market environment, the capital inflows into the country fell during the December 2007 quarter, despite the attractive long-term investment story.
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