DNA Money 28 April 2009_India-fund flows turn positive

Jagannadham Thunuguntla, equity head at SMC Global Securities feels India's attractiveness as an investment destination would depend on the outcome of the elections. "There would be a bit of herd mentality as far as foreign money is concerned. Once the initial flow begins, then a lot more can follow. Right now, FIIs would be looking to a stable government for cues. If there is sufficient flexibility for the government to act, then one can expect foreign money to chase India," he said.Read less