Is India the world's next hot market? When money managers look at the country's vast pool of young, English-speaking techies, they're tempted to answer yes. But when they examine its poverty, faulty infrastructure and onerous bureaucracy, they have second thoughts. Investors also fret about the handcuffs that India's government sometimes slaps on foreign firms by limiting how much of an Indian company they can own. That means big multinationals can't help nurture local firms as much as they might like. But now that India's seemingly stable government is making privatization a priority and encouraging new flows of venture capital, investors seem...
To continue reading:
or
Log-In
