|It is hoped that opening Indias stock markets to qualified foreign investors will revitalize them|
Indian stock watchers, for now, are keeping a hawkish eye on the January rulings fine print. Indian regulators have an unfortunate reputation for announcing grand designs then swathing them in red tape when they think no one is looking. Opening up this sector will help [Indias stock markets, but it depends how onerous the bureaucracy will be, says Lalwani. As ever in India, the devil is in the detail.