JP Morgan is looking to double its investment in India and has invested its capital of around 700 million$ in various sectors like health,cement,construction and so on.JP Morgan does not have a crystal ball so these investments and with more to come form the bank are probably a result of a detailed analysis of the Indian economy.
The U.S major is spreading its wings from banking to investment banking, corporate finance and capital market business in India.what is more.with more investment going to come about,JP Morgan is slowly but surely turning into a player who is betting on a sure thing.the recent world bank report on India has only made this more obvious to the world at large.but of course the question of economic reforms remains on everyone's mind these days.will the pace of reforms continue?going just by what JP Morgan is planning to do i would say yes!
india,united states,jp morgan,business,investment,economy,
Tuesday, July 3, 2007
JP Morgan goes 200% on India!
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