India off the menu

The lack of appetite among overseas investors for Indian equity has been more than evident in the Sensex. But the head of a well-known Indian institutional brokerage discovered on a recent trip to Singapore just how deep the aversion ran. Describing the disinterest among investors there as “frightening”, he said one of his clients told him, “I will take you out for lunch or dinner. Let’s have a drink, but let’s not discuss the market!”