Singapore and Hong Kong have emerged as financial services hubs in Asia. Setting up the GIFT-IFSC and subsequently vesting the powers in a unified regulator, the International Financial Services Centres Authority (IFSCA), was a key step in the right direction to developing India as a global financial hub.
Energy, telecom continue to draw foreign flows in Nov
Foreign investors injected significant capital into India’s energy and telecom sectors in the latter half of November, continuing a trend from earlier in the month