No one would have predicted that the largest float on the Alternative Investment Market (Aim) this year would be an Indian investment fund, but this week history was made and KSK Emerging India Energy Fund floated on Aim raising $200m (£101.2m) showing the rest of the world that India's growth remains very much on track. In fact, officials have recently announced growth forecasts of 8-8.5 per cent for India's economy in the 2008-09 financial year – which, although less than last year's astronomical 9.4 per cent growth, is still pretty spectacular considering that the rest of the world has gone into economic slowdown.
Published by Malar Velaigam
