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- The US and Europe have solid reasons for sliding stocks; both economies are facing rough weather, the former because of the reluctant recovery process and the after-effects of downgrading, the latter because of a debt contagion that at the very least will drain the EU of a great deal of its savings to keep its weaker members afloat
- But Indian stocks? Both the present and immediate future appear positive for the economy's fundamentals; India's growth prospects remain good even after discounting for a slide below 8 per cent in view of anti-inflationary policies. Interest rates here are much higher than in the US, where they remain less than 1 per cent
- FDI has been falling after the consistent increase in the four years to $34 billion in 2007-08.
- Admittedly, in the case of FDI, other issues than pure governance matter; environmental clearances, land acquisition problems and state-level problems can prove to be even more cumbersome, often stymieing projects as Arcelor-Mittal or Posco
