Foreign investors extending bets on pure India plays
June 23, 2014 00:00:00
MUMBAI, June 22: Foreign investors in India are changing investment strategies to favour domestic-oriented companies, mid-cap stocks and state-owned enterprises, based on hopes that Prime Minister Narendra Modi's new government will revive Asia's third-largest economy. These sectors have underperformed the wider market over the past year and are seen having far more upside potential if the economy picks up thanks to Modi's reformist agenda.
— Reuters
