From Google: 2024-09-18 11:35:58

India has beaten China in attracting foreign portfolio investors (FPIs) as the net investments touch ₹33,829 crore in August, making it the highest in 14 months. This surge indicates the rising confidence of global investors in the Indian economy despite economic slowdown concerns.

The positive FPI sentiment towards India can be attributed to several factors, including government’s initiatives to stabilize the economy, ease of doing business, and corporate tax rate cuts. Indian markets have outperformed their global peers, reflecting investors’ growing interest in the country’s market potential and long-term growth prospects.

The FPI inflows have propelled Indian stock indices to record highs, with the benchmark Sensex crossing the 39,000-mark. Along with equities, debt markets have also witnessed increased FPI participation, contributing to the overall surge in foreign investments in India. This trend reflects the attractiveness of Indian financial markets amidst global economic uncertainties.



Read more at Google: India zips past China in wooing FPIs – BusinessLine