Re: India stock market hits new high.
The explosive growth is on the back of massive inflow of foreign funds. With rate of returns as high as 25% compared to 5-6% in domestic markets, people from the western hemispere are investing heavily in the 'emerging markets portfolio' offered by most investment funds.
Wow thats a huge return. YOu know I did the accounting for ERM as a banks last year and never really got to know what it was about. Thanks for the input.