New Delhi:
Foreign portfolio investors (FPIs) have invested Rs 64,824 crore in the Indian market in the last 12 months (August 2023 to August 2024 till now). According to depositories data, FPIs have bought Rs 1,82,965 crore in the last one year and sold Rs 1,18,141 crore. According to data from National Securities Depository Limited (NSDL), so far in August, FPIs have been selling.
Foreign investors have withdrawn Rs 18,824 crore from equity till August 14. However, during this period, Rs 8,624 crore has been invested in the debt market.
Main reasons for increase in foreign investment in stock market
There are many reasons for foreign investors to invest in the Indian market compared to other markets. Experts say that good growth rate, stable government, reduction in inflation, financial discipline maintained by the government and efforts to make India a hub of capital market are the main reasons for the increase in foreign investment in the stock market.
India’s GDP is estimated to grow at 7.2% in 2024-25
India’s economy is growing rapidly. India’s GDP grew at the rate of 8.2 percent in the financial year 2023-24. It is estimated to grow at the rate of 7.2 percent in the financial year 2024-25. Inflation rate in India is also continuously decreasing. Retail inflation rate stood at 3.54 percent in July, which was 5.08 percent in June.
FPI investment increased due to falling Chinese economy
Sunil Damania, Chief Investment Officer, MojoPMS, says that there are many reasons behind the increase in FPI investment. First, the government has assured that the reforms will continue in this term as well. Second, the fall of China’s economy, which you can guess from the prices of copper, which fell by 12 percent last month. Third, some block deals have also been done by FPI.
(This news has not been edited by the NDTV team. It has been published directly from the Syndicate feed.)
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