Money: Cold makes hot blush

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Critics might have written off India as just another emerging market that has benefited from the US Federal Reserve's stimulus, but a study of foreign money flow into the country throws up some interesting facts. India has got more long-term money, in the form of foreign direct investment (FDI), than the more volatile portfolio flows in the first seven months of 2013 as the government opened more sectors to investment. FDI data for 2013 are available till July. Rs 70,000 crore of FDI came from January to July as against Rs 65,000 crore of FII flows into stocks. Till October 21, FII flows amounted to Rs 81,000 crore. In 2012, FDI and FII flows were neck and neck; in 2011, FDI was the winner. Brokers say FII flows could beat FDI in calendar year 2013.