The foreign investor too has shown great confidence in India. In a year where foreign money is scarce and the big investors everywhere have seen losses and have withdrawn their moneys from most markets, India would have received more than 35 billion dollars in the year 2008 and even after September 2008, when the crisis hit every country, foreign direct investment kept coming in at the rate of at least one billion dollars a month. This is indeed remarkable and shows that unlike most other markets, India is seen as a long term prospect and more resilient and reliable than other emerging markets. This should be reassuring and heart warming for a government getting ready to face elections soon, in an atmosphere where the economy is important for the voter and the average voter is a youngster who is not yet 30.
Amir Ullah Khan teaches Economics and writes on India's political economy.
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