India relax investment policy in a bid to stimulate growth

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In a significant economic policy shift, the Indian Government have decided that they will allow foreign nationals to invest in the country’s listed companies in the near future.

The move is thought to be designed as a way of improving under-developed capital markets within the country.

India has come under intense pressure to relax their stringent controls regarding outside investment after a particularly poor year for their financial markets generally.

The Finance Ministry released a statement regarding the new measure, which is due to come into effect from January 15th, stating;

“We decided to allow qualified foreign investors to invest in the Indian equity market in order to widen the class of investors, attract more foreign funds, and reduce market volatility.”

India have been forced to invent new ways of attracting investment as, alongside several other large nations throughout the globe, their economy has been in worrying decline for quite a while now.

Growth prospects have dimmed significantly and this latest measure, which represents a dramatic reversal in national policy, could be exactly what is needed to arrest such decline.

Some fear the move will not be enough though. A number of prominent Indian business leaders have urged the Government to prioritise large infrastructure projects to get things moving faster.

The most likely outcome is a case of trial and error as the country tries everything it can to get the economy moving and keep the wolves from their financial door.

Transferring money to India

If you are looking to invest in India, think carefully about how you will be transferring money to India. Foreign currency exchange rates quoted by banks are almost always worse than the exchange rates available through specialist currency dealers.

So if you are looking to send money online to India – which you will inevitably have to do if you are looking to make a property investment - be sure to compare the market before you buy your overseas currency.

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India relax investment policy in a bid to stimulate growth

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