Monday, May 04, 2009

More stressful times ahead ...

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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