FDI could hit Indian retail stocks: Matthews Asia

Foreign direct investment may benefit India as a whole, but could be negative for investors in local retail companies, argues Sunil Asnani, portfolio manager at US fund house Matthews Asia. The Indian economy has not yet benefited as much from FDI as many have hoped, he says, but this has helped to sustain valuations of listed consumer goods suppliers. “There has always been a belief that foreign direct investment, for example in the retail segment, is good for the country, as i…