01396pab a2200145 454500008004000000100001800040245008400058260000900142300001500151362001200166520097500178650003001153650002301183773004401206180718b2014   xxu||||| |||| 00| 0 eng d  aSharma, Nishi  aForeign institutional investment and India capital market : A casualty analysis  c2014  ap.276-286.  aApr-Jun  aDuring the early phases of post-Independence, Government of India initiated different steps to ensure self-reliance of the economy through promoting import substitution. It stressed upon financing its current account deficit through international debts and other official assistance. But in 1990, policy makers realised the need to review their decisions particularly for circumscribing yoke international debts. To reanimate the fatally poised system Indian economy unclogged the route of foreign investment. Approval of foreign investment in the form of direct as well as institutional investment revamped entire financial system of India. However, there is a usual debate regarding the cause and effect relationship between foreign investment particularly institutional investments and performance of capital market, i.e. whether foreign institutional investments are allured by good stock return or the same leads to better performance of stock market. - Reproduced.  aFinancial markets - India  aForeign investment  aIndian Journal of Public Administration