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High time India went for unified foreign investment framework: Anuj Rathi, HSBC
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Synopsis The cross-border inflows year on year is a massive vote of confidence for the Indian economy and reflects on our attractiveness as a prominent investment destination for global funds.
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India, on the back of a high growth rate, stable macro-economic parameters, policy reforms, and demographics among others, remains an attractive investment destination for foreign investors and will continue to be so for times to come, according to Anuj Rathi, head-securities services, HSBC India. The decision to liberalize the cap for aggregate FPIs investment in Indian companies and bring it at par with sectoral limits have been major reforms that helped India’s standing in global equities indices and consequently helped India attract additional foreign investments, he told ET s Rajesh Mascarenhas.