India is not hostile to FDI flows, says Nilesh Shah
PUBLISHED ON: May 11, 2012 | Duration: 14 min, 00 sec
In a discussion with NDTV Profit, Axis Direct's Nilesh Shah shares his views on how the Indian economy is going to perform ahead. "The economic growth is under pressure. However, India is not hostile to FDI flows. FII flows may resume once concerns over GAAR are over," he said. He feels that the rupee will depreciate further.