The economic survey expects India''s growth story,
macro-economic stability and the government''s commitment
to reform to "scale-up" FII interest in Indian
equity and debt. It expects them to retain India as a
preferred destination for portfolio investment.
The
survey says the pick-up in investment activity will continue
and the mop-up of money through public issues, private
placement, and euro issues will gather pace.
Reliance
on public issues as a major source of funds will increase
after recent initiatives to plug inadequacies. The global
economy is expected to post impressive growth in 2007,
after four strong years of growth.
The
survey says measures need to be taken to revive the corporate
debt market and encourage institutional investment. Commodity
exchanges are expected to remain vibrant and the proposed
changed to the 1952 regulation act, should ensure orderly
conditions.
o
Expects "scale-up" in FII investment
o India to remain preferred portfolio destination
o Mop-up through public issues, private placement to
gather pace
o Global economy to post impressive growth this year
o Measures needed to revive corporate debt market
o Commodity exchanges to remain vibrant
|