Thursday 7 June 2012

India plans Gulf roadshow to drum up investment - Yahoo! News Maktoob

India plans a roadshow next week in five Gulf countries to attract sovereign funds and other investors to help revive slowing growth in Asia's third largest economy.
A rapid pace of more than 9 percent expansion before the 2008 global financial crisis has softened to just 5.3 percent in the March quarter, the weakest in nine years, and Finance Minister Pranab Mukherjee hopes to attract petro dollars to invest particularly in the country's infrastructure.
India recently relaxed rules to allow foreign retail investors to invest in mutual funds, stocks and corporate bonds.

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