Economic Survey 2013: Challenges remain in making India preferred financial destination for foreign investors
PTI: New Delhi, Feb 27 2013, 13:56 IST
December period, the BSE 30-share index, Sensex, surged 11.62 per cent, while the key NSE 50-scrip index, Nifty, climbed 11.51 per cent.
Many capital market initiatives have been taken in the recent times, including the launch of the Rajiv Gandhi Equity Savings Scheme (RGESS) and its expansion for Qualified Foreign Investors (QFIs).
Investment sentiment started improving in the last few months with foreign investors reposing more confidence in the Indian economy in general and markets in particular, the Survey said.
"The reform measures initiated by the government recently have been received well by the markets," it added.
Among others, the government has relaxed Foreign Direct Investment (FDI) limits in multi-brand retail and aviation sectors.
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