VOA标准英语2009年-Foreign Investment Flows Into India Again

By Anjana Pasricha
New Delhi
16 October 2009
As India's economy recovers from the global financial crisis, foreign investment is flowing back into the country, and stock markets - as in many other countries, are again buoyant.

 
Stock broker¹ reacts as he watches share prices at brokerage in Mumbai (File)
There has been good news in recent weeks for investors² who watched stock markets decline sharply amid the global financial crisis. India's benchmark stock indexes have more than doubled in the last six months, driven in part by foreign investors who are returning to the country.

Foreign investors had pulled out billions of dollars last year as credit dried up.

But the trend has reversed. From April to June, India received about $15 billion in foreign direct investment, the highest since 2007. 

Analysts⁴ say foreign investors are motivated by growing confidence that the global recovery will be driven by countries like India and China.

Rajesh Jain, a stock market analyst³ in Mumbai, says there is widespread optimism that India's economy, which is largely driven by domestic demand, will return to high growth rates faster than other countries. 

"Naturally, when the risk appetite has come back, and the risk aversion has disappeared, India is getting a better share of investment," Jain said.

But some analysts are skeptical⁵ whether the buoyancy in India's stock markets is sustainable. Among them is Prithvi Haldea, who heads New Delhi-based Prime Database, which tracks the stock market. He says the economy is accelerating, but there is little to justify⁶ the huge rally in the stock markets. 

"This is totally unsustainable," Haldea said. "The markets have obviously gone much ahead of the fundamentals. It is a combination of future expectations and too much of liquidity⁷ again back in the market."

Analysts also say that any setback⁸ in the global economy could see overseas investors pulling out quickly again. But for the time being, investors, both domestic and foreign, are undeterred by such worries, and are putting their faith in the Indian economy.

1 broker   

n.中间人，经纪人；v.作为中间人来安排

参考例句：

• He baited the broker by promises of higher commissions.他答应给更高的佣金来引诱那位经纪人。
• I'm a real estate broker.我是不动产经纪人。

2 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

3 analyst   

n.分析家，化验员；心理分析学家

参考例句：

• What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
• The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。

4 analysts   

分析家，化验员( analyst的名词复数 )

参考例句：

• City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
• I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。

5 skeptical   

adj.怀疑的，多疑的

参考例句：

• Others here are more skeptical about the chances for justice being done.这里的其他人更为怀疑正义能否得到伸张。
• Her look was skeptical and resigned.她的表情是将信将疑而又无可奈何。

6 justify   

vt.证明…正当(或有理)，为…辩护

参考例句：

• He tried to justify his absence with lame excuses.他想用站不住脚的借口为自己的缺席辩解。
• Can you justify your rude behavior to me?你能向我证明你的粗野行为是有道理的吗？

7 liquidity   

n.流动性，偿债能力，流动资产

参考例句：

• The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
• The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。

8 setback   

n.退步，挫折，挫败

参考例句：

• Since that time there has never been any setback in his career.从那时起他在事业上一直没有遇到周折。
• She views every minor setback as a disaster.她把每个较小的挫折都看成重大灾难。