The good news for India’s markets is that this hasn’t discouraged inflows. Foreign investment into Indian stocks has hit $11 billion so far this year, and is well on the way to beating 2007’s record of $18 billion. It’s a reflection of foreigners’ growing confidence in New Delhi’s intent to further liberalize the economy and allow foreign participation in critical infrastructure development.

Heard on the Street: A Less Fleeting Engagement With India – WSJ.com