Should the Govt. Must Open Doors To FDI

The decision to allow qualified foreign investors to invest in India's equity markets is a source of concern both for the kind of funds that will be attracted and what this says about the government's own state of mind. Unless there is some urgency about seeking out additional sources of capital inflows, it is difficult to explain why government must open the doors to a source that is unlikely to deliver much foreign capital and would, if it does, increase rather than decrease speculation and volatility. Says C P Chandrasekhar who is with the Centre for Economic Studies and Planning, Jawahar Lal Nehru University - What Is Your Say

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