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Investors Turning Away from India in Light of Bad Governance, Frauds: Kroll
July 12, 2018
US-based risk management firm Kroll believes that lack of transparency, poor governance, and increased risk of frauds in India are some of the reasons why global investors are reluctant to invest money here. This is despite the fact that India is still one of the fastest growing economies in the world.
Kroll India’s MD Tarun Bhatia pointed out the Satyam Computer Services fraud of the past. He said that earlier it was just this one, and now many similar cases are rising to surface.
Not only FDIs have declined in India, foreign investors have pulled out more than $6.6 billion from the equity market, thus indicating a defensive stance.
Photo credit: Got Credit on Visual Hunt / CC BY
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