India's large companies and their appeal to foreign investors
CNBC reports that Bernstein sees little reason for foreign investors to invest in India, arguing that large businesses are struggling to reinvent themselves.
TLDR
CNBC reports that foreign investors are heading for the exit as Bernstein describes India's large-cap companies as stuck in a “bygone economic era.” The global brokerage argues that large businesses' struggles to reinvent themselves leave foreign investors with little reason to invest in India.
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