Finally, there could be more uncertainties down the line. Political fears, election issues, US turmoil and liquidity problems might haunt the markets and the economy. But the bottom line remains unchanged: the India story is intact.
FIIs and markets
• Foreign interest is growing. In India, FIIs own 21% of the market. In Taiwan, they own 32%, in Korea 33%, and in Thailand 36%.
• Foreign pension funds and insurance companies have missed the boom here so far. They are looking for investments.
• More FII allocations to emerging markets like India likely.
• Valuations are high here, but are backed by corporate cash flows.
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