There is no doubt that India as a preferred investment destination is gaining more and more acceptance with each passing day. India is now seeing inflows from all corners of the globe, be it global macro funds, hedge funds or exchange-traded funds. India's rise has not made investors across the globe happy but has also been acknowledged by the 'Global Governance 2025' jointly issued by the National Intelligence Council (NIC) of the US and the European Union's Institute for Security Studies (EUISS) ranking India as the third most powerful country in the world after the US and China and the fourth most powerful bloc after the US, China and the European Union.
Of course there are other important factors like climate change, ethnic and regional conflicts, new technology, and the managing of natural resources in order to rate a country's resurgence but none is as important as the economic might. And talking of economic might, Indian markets have been on a high for a long time although a little subdued in 2008 owing to the global economic crisis but have been picking up steam since then and now almost on cruise control as Indian shares gained today to close at their highest level in 32 months amid huge inflow of funds from foreign institutional investors (FIIs) pushing the benchmark Nifty above 6,000 level, for first time since January 17, 2008. Even the Sensex joined the party by hitting 20,000 levels. The manner in which the Sensex has gone from 8,000 to 20,000 must has taken even the most optimistic of the lot by surprise but even the country's the finance minister Mr Pranab Mukherjee expressed happiness over the Sensex crossing the 20,000 level.
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