The government may have saved its political skin by putting FDI in retail on hold, but it has added to the sense of gloom that's engulfing India Inc. For the past several weeks, there's been a depressing drumbeat of stories of Indian businessmen choosing the relatively lowgrowth, high-stability option of investing abroad over the uncertainty of launching new ventures at home.
Says a former top banker based in London, "Cities like London and Singapore are safe havens and the rule of law is clear. There is a sense of individual security and privacy." Full story
