India is going through rough turbulent times. Growth is tapering off. India is expected to grow at around 5% this year. This is a far cry of the days of 9% growth. India was not too long ago the darling of FIIs (Financial Institutional Investors). Europe was beleaguered with the sovereign debt crisis and USA was struggling with the aftermath of the subprime crisis. Japan’s stock markets had not given any returns for nearly twenty years. The FIIs chase growth and money poured into the BRICS countries (Brazil, Russia, India, China and South Africa). But the story is very different today. America is showing signs of recovery and FIIs are pulling out of India to pick companies at cheaper prices back in America. The slowing down of the economy from 9% to 5 % has made this decision very easy for them.
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