Foreign investors looking at India to prevent West's economic depression

FIIS-EconomyEconomists and strategy makers consider that the economic depression in the United States, all along with lot of Europe and Japan, shall help nations like India.

As per as  the New York Times, all along with an economic growth rate of almost 9 percent and a stock market that is much more exposed to foreign investors than China's, India has turn out to be a target of selection for foreign financial investors.

Within the first 9 months of the year, foreigners put in 28.5 billion dollars in Indian stocks and bonds – even more than the double of what they put in the similar period of 2009, the Times stated that.

The Sensex index is up and about 22 % in the last 12 months, and 114 % ever since the end of 2008, it added further.

The newspaper quoted Manish Saini, an analyst and trader at New York-based Eastern Advisors, as saying that the rest of the world is hungry for growth and India is even now creating comparatively high real rates of G.D.P. growth.

The specialist expressed that the overseas investors are shifting money to rising markets in an effort to take benefit of the interest rates.