Among Japanese individual investors, interest in investment funds dealing in Indian stocks is rising. The growth rates of between 30 to 44 percent are attributable to rises in stock prices and independent investors’ active moves in buying up Indian stocks. Since 2003, the Indian economy has grown every year by 6-9 percent, while the Indian government has committed 35 trillion yen — around 30 percent of the country’s GDP — annually to infrastructure projects such as power plants, railways and expressways through 2012. In September 2007, 1 rupee hovered around the 3 yen mark, but as the financial crisis sank in over fall 2008, the exchange rate crashed, and by January 2009 1 rupee was worth around a mere 1. read more

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