It may soon be time for risk-on, but India may not benefit3 min read 25 Apr 2012, 08:28 PM IST
It may soon be time for risk-on, but India may not benefit
The rally in the equity markets that started around the end of last year has lost momentum. FII inflows have dwindled. Is it because of the lacklustre central budget, which did nothing to boost reforms? Are portfolio investors worried about the draconian provisions of GAAR? These factors might have had some effect, but the fact of the matter is that a retrenchment from risk has taken place worldwide.