India slow to accept foreign funds: Murdoch

News Corp Chief Murdoch, who is visiting India to review operations of his Star Group was asked to compare India with China in terms of potential.

On whether the group was looking at entering the print media segment, he replied in the negative. ‘‘I think to go into newspapers in this country would be fascinating but the truth is you would be stepping into the political arena as a foreigner. I don’t think that it would be wise for me or my company, or wise particularly for India.

‘‘I think the policies over the years of different governments, the complications arising because of the different political parties have slowed down the progress,’’ he said adding there were ‘‘less barriers’’ in China for doing business.

Asked when the Indian market will catch up with China, he said it would take about 10 years before the two markets could come at par.