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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (3543)	5/13/1998 4:57:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 9980

Sorry foreign investments in India is marginal at best. David What foreign capital????? Since the liberalization,the total sum of foreign investments in India is only less than 10 billion dollars total if I am not mistaken.Compare this with the average foreign investments,particularly U.S investments, in China and S.E.Asia and you will see that the amount is rather minuscule.I believe in one year alone the foreign investment in China was some 45 billion dollars,don't recall which year. And when things were going good in SEA, one year Philippines and Thailand alone attracted some 35 billion dollars in foreign investments.I wish I knew what the average foreign investment in each Asian country is but I don't but in India it is less than 2 billion dollars and hence my figure 10 billion in 5 years since the 1991,and this may include both direct and indirect foreign investments.Somebody would correct me I am sure if my figures are wrong but I am pretty sure about India give or take a little. Morgan Stanley's Asia chief,Mr.Vinod Sethi, was on CNBC a few minutes ago and according to him the India's economy is primarily a domestically driven one.