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05 June 2023

India to open stock market to foreign investors

Published
By AFP

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."