SEBI boss optimistic over India's growth prospects

The share market investments are likely to benefit investors in the long term due to optimistic growth prospects in India, said UK Sinha, chairman of Securities and Exchange Board of India (SEBI).The emerging Indian economy is growing at 7.5 per cent which would be beneficial in long term opined the SEBI chief, who was in Ahmedabad on Thursday to attend a function on Financial literacy organised by Bombay Stock Exchange (BSE) and Indian School of Microfinance for Women (ISMW) with support from SEWA Bank. 

“large numbers of Foreign Institutional Investors (FIIs) are investing in Indian capital market. Most of them are overseas pension funds. It means that foreign pensioners reaped benefits from the growth story of Indian markets,” said Sinha, adding that India’s largest pension fund, Employees’ Provident Fund Organisation (EPFO) has agreed to invest 5 per cent of its funds in the India capital markets.