Getting into global debt, equity indices can fetch us $100 bn: Nilesh Shah

Nilesh Shah, noted fund manager and a part-time member of the Economic Advisory Council to the Prime Minister, on Monday said the country cannot achieve its growth ambitions without foreign inflows and pitched for joining global bond indices to attract more funds.
 

Citing the case of China, which recently joined a few global indices, Shah said we can attract up to $100 billion through such a move.
 

According to experts, the foreign holding cap imposed by the RBI in public debt has deterred inclusion of the country in such indices.
 

"Our savings of 30 percent is not good enough to