Mumbai, Jan 10 (UNI) Alongwith key factors like honesty, integrity and compliance, the country needs to have right capital input for a sustainable economic growth, stated the Bombay Stock Exchange CEO Rajnikant Patel.
While speaking at a seminar titled 'Sustainabilty of Growth Without Consistent foreign inflows' here he said that the FII inflows have touched a new high and the sensex has touched a new benchmark last year but added that one question need to be addressed is, whether the growth story is real.
He said that in future to maintain the same growth story, capital inputs have to be in the right sectors and with a right motive.
He allayed the fear that too much of foreign inflows in the capital market can actually boomerang.
His comments assume signficance on the backdrop of rising sensex and investors fear that it is mainly driven by FII investments and with economic slowdown in US and other economies the sensex might tumble down.
UNI AD SR VKG1919