In its hay-day, the India growth story was a money-magnet no one could say no to. But now, it is being questioned by many large institutional investors. And both private equity and long-only funds are looking to offload their core holdings in India. Harish Rao and Ashmit Kumar of CNBC-TV18 have a report.
Traders are a worried lot and this worry has become palpable on the street over the past few weeks. Just last week, a host of foreign brokerages revised their 2012 outlook for Indian equities downwards, saying they expected flat returns over the year. Why? Growing macro-economic headwinds, and of course, a 20% drop in the Sensex over the past 11 months is not helping either. That's why many traditional long-only funds and private equity players are trimming their Indian exposure.
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