It takes two (results) to tango
Jogin (a student), Bidyut (an economics professor) and Divya (a journalist) wait for Mack (an American expat working in India) to return from a check-up after his recent visit to Mexico. The Moody’s report that swine flu could make Indian equities lose foreign investors’ money catches Jogin’s eyes.
Jogin: Do you really think FIIs would leave India because of the swine flu outbreak? I mean, on the one hand they sing about the Indian growth story and on the other, they run because of a global flu outbreak?
Bidyut: As long as the flu does not spread in India, FII exit is remote. I don’t think the situation warrants an outflow yet.
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