India to open stock market to foreign investors - Emirates24|7

India to open stock market to foreign investors

India announced on Sunday that it would open up its stock market to individual foreign investors for the first time, in a major economic reform designed to boost overseas investment.

The government in New Delhi said in a statement that it had taken the move "in order to widen the class of investors, attract more foreign funds and reduce market volatility and to deepen the Indian capital market."

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