Investors should not be hurt by govt whims: FM

Addressing students and faculty of Harvard University Chidambaram said foreign investors should be assured by emerging economies that their capital will be protected and not affected by whims of governments.

After all,why would they invest over the long term if their capital can be expropriated by a change in laws or by the whims of the government, said Chidambaram,who was in Boston after two days in Canada to project

India as a viable investment destination.

The best guarantor of investment protection is a stable and democratic political structure,a belief in the rule of law,and a transparent and independent legal system. India has all three, he said.