Qualified Foreign Investor (QFI), an investment channel opened by the government of India in the beginning of this year, offers nationals from 45 countries, including the UAE and other GCC countries, to invest in Indian equities and debt instruments. This move is widely believed to have the potential to attract billions of dollars into India, which is currently among the world's top three investment destinations.
This was announced yesterday at an international seminar that was held at Dubai World Trade Center.
Indian financial and equity market experts who spoke on the occasion said that conservative estimates show that investments into Indian equities, bonds and mutual funds by foreign nationals under QFI route could cross the $ 10 billion mark in two years.
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