India may lift curbs on foreign buying of equities
By Unni Krishnan and Anto Antony | China Daily | Updated: 2010-10-09 07:27
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Manmohan Singh, India's prime minister, speaks during a news conference in New Delhi. Singh is allowing greater foreign participation in financial markets as he seeks capital for building roads and power plants. Pankaj Nangia / Bloomberg |
NEW DELHI - India may allow individual investors based overseas to directly buy stocks for the first time, easing a rule that restricts investment to mutual funds, a finance ministry official with direct knowledge of the matter said.
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