India's regulators eye the inflow of foreign capital into their country warily, not least because today's runaway economic growth may easily evolve into tomorrow's inflation. The wariness has consequences: the corporate bond market for example, capitalised at $36 billion as of March 2007 according to National Stock Exchange data, has a cap of only $1.5
Lenders at the gates
India remains reluctant to lift caps on foreign investment in corporate bonds. Critics say the country should change its stance now.
