India's growth story has caught the fancy of many foreign investors around the world. Otherwise what would explain the surge in the Indian stock markets in the past one year. Since it is evident that the developed world will take some time to recover, global investors are looking at other attractive destinations to generate returns. And the scope of growth in India has led many of them to make a beeline for the Indian shores.
Including the billionaire financier George Soros. As per reports, Soros is in late stage talks to buy a 4% stake in the Bombay Stock Exchange (BSE). Soros Fund Management plans to buy Dubai Holding's stake for about US$ 40 m, valuing the bourse at US$ 1 bn. With much of the exciting action having shifted from the West to the East, particularly India and China, Soros sure does want to have a piece of the pie.
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