For the week ended September 28,
india’s forex reserves increased by almost $12 billion. This is more than the $10 billion that came into the country between April 2005 and March 2006.
Why FDI is coming in to our economy?
Many reasons. But primarily, it is because booming stock market, a robust economy and expectations of Indian corporates doing well. For all these reasons, foreign investors are thinking about India.
Because of this flow of FDI stock exchange is getting more money. And Sensex is going up. If the same trend is continued we will see Sensex at the sky !
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