Does India remain a domestic market opportunity despite the headlines and exits of the last 7 days? In the last few days, the government further eased the rules for foreign direct investment (FDI) in seven sectors ranging from civil aviation and defence to food products and pharma. "As risk aversion sets in, there would be a decline in financial markets and India would see this impact along with other nations. "Domestic players in India will do the best, particularly the consumption-led companies," says Andrew Holland of Ambit Corporate Finance. State Bank of India chairman Arundhati Bhattacharya said, "Brexit will provide the country better market access to the EU and England, even as there will be some market volatility."

Source: dna June 27, 2016 02:03 UTC