Foreign Funds Flow Freely

Forget de-coupling theory here. Expectations are that a country that is as closely economically connected as India is to the US and Europe, would be undergoing pain when both these developed regions are tottering on the precipice of one of the worst recessions ever. But that did not come to pass entirely, at least in one aspect — foreign direct investment (FDI).

This article was originally published on June 17, 2009.