Is Shining India Beginning to Tarnish?

Summary A series of explosions hit the Indian high-tech city of Bangalore on July 25. Though the blasts caused little damage and were likely perpetrated by amateurs, the attack is yet another wake-up call to foreign investors that the shine is coming off of the “Shining India” investment model. Analysis A series of small explosions hit the high-tech hub of Bangalore, India, and its outskirts July 25, killing at least two people and injuring several others. The attack itself was an amateurish attempt, but the fact that it occurred in the Silicon Valley of India is enough to make foreign investors jump and bring into question India’s attractiveness as a hot destination for foreign investment. The speedy growth of India’s information technology (IT) sector during the 1990s put India in the limelight, with analysts worldwide... [read full story]