Employees at a brokerage firm in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)
India needs serious reforms to revive investor appetite and materialise equity returns, according to Enam Holdings Pvt. Ltd.’s Sridhar Sivaram.The government thinks it is the foreign-portfolio-investor issue leading to outflows, but unless the growth comes by, foreign investors’ outlook towards India is unlikely to change, Sivaram told BloombergQuint on a special series—Navigating Through Uncertainty. “I don’t think it is the FPI tha...