English
Specials
    Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessMarketsWhy foreign investors aren't kicked about Budget 2011

    Why foreign investors aren't kicked about Budget 2011

    Budget '11 was "somewhat populist" and delivered nothing by way of structural reforms, complains HSBC's global head of equity strategy Garry Evans.

    March 01, 2011 / 09:09 IST

    Budget '11 was "somewhat populist" and delivered nothing by way of structural reforms, complains HSBC's global head of equity strategy Garry Evans. In an interview to Moneycontrol.com, Evans says that even the measure aimed at allowing foreign investors to invest in corporate bonds may be slightly negative for foreign equity investors like himself. Excerpts:

    You were underweight Indian equities because they were relatively overvalued. Has today
    first published: Feb 28, 2011 07:04 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347