[deepakraam]

Yeah...India can wait for some more time to open the financial sector for the foreign players.As someone suggested in the forum already about the regulation of FII,I guess we shud be cautious in regulating the FII inflow.Once we have a very well-defined process in place we can open the economy.We can try to convince the foreign players for more FDI than FII .India has pool of skilled manpower with which we should try to convince the foreign players to open more FDI in emerging sector.FDI is more reliable than FII in the aspect that it will employ more people and operating costs in India will be lower when compared to most of the developed nations.So its like a win-win situation.This will inturn help India to prosper better.

-Deepak.