Why foreign investors are fleeing India

Foreign investors have fled stock markets after the budget. The Sensex is down nearly 2,500 points. Small and midcap stocks have fallen even faster. Beyond the budget, other problems are growing too. They add up to a discouraging message: Foreigners, enter India at your own risk. Andhra Pradesh chief minister Jagan Reddy has reserved 75% of jobs in industrial and infrastructure ventures for state residents. Madhya Pradesh chief minister, Kamal Nath, also pledged earlier this month to reserve 70% of jobs in private sector companies for locals. The Constitution forbids discrimination based on place of birth, but these gentlemen do … Continue reading Why foreign investors are fleeing India