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For all that I like about the potential of business in India, things do operate differently. It's good to know that Ebix has been there for a while, but still, if the opportunities it is following become too tempting to others there are risks that may not have shown up in other regions.

https://www.msn.com/en-us/money/companies/tycoons-dollar7-bi...

The link is to an article about just how cut-throat the Indian wireless industry has been. On the upside for Ebix, the article does say that investments by foreign entities in financial services has been less volatile. Never-the-less, with huge opportunities do come some large risks. I think Ebix is led with the right group to succeed.
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