India still a favourite among FII's

Jhon A Thain chairman and CEO of Merril lynch said that high economic growth rate and domestic demand makes india a very attractive market and in a way also immunes india from the slow down in the US economy.Thain believed India would offer huge opportunity in the coming days for the company as on the wealth management side, Merrill Lynch anticipated huge opportunity emanating from the huge amount of wealth being created and on the investment banking side, India Inc is becoming more global with the outbound M&A activity on the rise.