Following last week’s one-year anniversary of the Mumbai attacks, analysts say high returns for investors in the country this year show they are unfazed by the risks.
“The attacks haven’t deterred investors,” said senior Asian economist Robert Prior-Wandesforde at HSBC in Singapore.
Indian markets have seen a surge in foreign capital flows that has driven the benchmark Sensex index up more than 70 per cent so far this year and the rupee to a one-year high against the dollar.
“Institutional investors and companies see Asia as the future, not the Western world, and within Asia, India - along with China - is attracting a lot of interest for very good reasons,” Prior-Wandesforde said.
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