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India boosts investor sentiment

04 January 2012

Following the Indian government’s move to allow foreign investors to allocate directly to its equity market, Jupiter India Fund’s Avinash Vazirani says the decision is good news for the country’s markets after a difficult year in 2011

Read more: India Jupiter India Fund Avinash Vazirani

Investor sentiment towards India is likely to improve following the Indian government’s decision to open up its equity market to foreign investors.

Under the move, which was announced on Monday and comes into force on January 15, individual foreign nationals will be able to invest directly in the country’s equity market.

According to Avinash Vazirani, manager of the Jupiter India Fund, the decision will boost investor sentiment despite having a limited impact on foreign investment.

“While I believe the direct impact on foreign...