Foreign capital flees India as economy weakens

A faltering economy and chronic regulatory roadblocks are prompting foreign investors to increasingly pull out of India. A record $7.5 billion of foreign investment was withdrawn from capital markets in June. Steelmakers ArcelorMittal and POSCO announced abandonment of projects 48 hours after India unveiled measures to attract foreign direct investment.

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India Today · Economic Times (India), The · Hindustan Times (India)

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