Reforms revive investor interest in India: Experts

September 26, 2012 16:22

Foreign investors are showing renewed interest in India following the reforms thrust announced by the government, but further steps are needed to improve the environment for economic growth, experts say.

According to a research report by Bank of America-Merrill Lynch, there has been a sea change in interest in India post the reforms announced last week that included allowing FDI in multi-brand retail and the civil aviation sector.

"Clients sensed a change in the political environment in India and some investors who earlier were staying away from India were keen to meet and understand the shape of things to come," Bank of America - Merrill Lynch Research Analyst Jyotivardhan Jaipuria said.

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