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| Overseas investors upbeat about India recovery: Barclays |
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 Investors in UK, US and China are more confident about growth of the Indian economy compared to Indian high networth individuals (HNIs), according to a report by Barclays Wealth. The report by Barclays' Economist Intelligence Unit based on survey of 2,100 wealthy investors in 10 countries said globally 90 per cent of HNIs see an opportunity to invest in the current market, but only a few are willing to increase risk in their portfolio. On the findings of the report, Satya Bansal, chief executive, Barclays Wealth India said: "As the new government settles down and the expected reforms are carried forward, HNIs in India would feel more confident on the positive prospects of the Indian economy." The report released on Monday said that "investors in UK, US and China were more confident on growth in Indian economy than Indian HNIs back home." About 45 per cent respondents from India felt that prices of real estate may increase slightly while an equal number said it would remain stable for the next two years. The survey found that the HNIs now undertake more due diligence while selecting a fund manager with almost half the respondents planning to increase the amount of time they spend selecting specific investment, the survey report said. - PTI. All rights reserved. Related Articles:
Last update: 17-06-2009 15:19
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