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Foreign investors have upgraded India as a dedicated allocation in their investment portfolios given the strong economy, stable government and significant reforms undertaken over the last eight years, equity experts have said. According to the experts, who participated in Futures Industry Association (FIA) Asia trade conference held in Singapore from November 29 to December 1, investment is flowing into India's growth story. Previously, the investors had grouped India within emerging markets and comparatively only China was a dedicated allocation emerging market, according to Anant Jatia, Founder & CIO at Greenland Investment Management LLP in Mumbai. Investment is flowing into India's Growth Story. We see investments being redirected as FPIs reposition their dollars amidst uncertainties in China, Jatia told PTI on the sidelines of FIA Asia 2022. We are seeing the current pickup gaining momentum as FPIs have turned net buyers of India with over USD 5 billion coming in over ...
An independent scrutiny by leading US law firm WilmerHale shows China's massive data manipulation to hide slippage in the World Bank Group's Ease of Doing Business (EODB) rankings.At the same time, no irregularities were found in Indian data, the probe shows adding the country remains a preferred, reliable and trustworthy investment destination for the world.Last week, the World Bank decided to discontinue publication of its EODB report following allegations of data irregularities due to pressure by some top bank officials to boost China's ranking in 2017.The report assesses regulatory environments, ease of business startups, infrastructure and other business climate measures.Law firm WilmerHale studied 80,000 documents and used extensive interviews to compile its report on 2018 and 2020 EODB rankings.During a sensitive capital raising year of 2017, said WilmerHale, China was able to leverage its clout and pressurise WB top management into reversing their ranking fall which would have