Indian Stocks Market are a very difficult place to invest despite claims to the contrary which will be made by institutional investors.The all pervasive corruption present amongst most of the company managements makes bottom up stock picking a tough call.Even institutional “smart” investors like Goldman,GMO frequently get tripped by fly by night operators.Market operators blatantly manipulate stocks while the primary market is a “pump and dump” heaven.However the Indian growth story has fooled fund managers from outside to keep investing into the story.I have written in the blog numerous pitfalls present in investing in India.Some of these are coming home to roost as the Indian stock markets have fallen by more than 10% in 2011 despite other markets making new highs.Here are the top 5 Headwinds facing the Indian markets in 2011.