Market experts stated on Saturday that as India enters “Amritkaal,” the FPI community would play a significant role in placing it as the third largest economy in the world. Net foreign portfolio investor (FPI) inflows turned positive this month, both in the stock and debt segment.
In FY24, there was a net inflow of Rs 2,82,338 crore for debt and equity combined.
Market observers attribute the swift recovery in the stock markets to favourable attitudes, a stable government’s guarantee of continued reforms, low US Federal Reserve rates, and robust domestic demand.
Manoj Purohit, Partner and Leader, FS Tax, Tax and Regulatory Services, BDO India, stated, “The recent announcements in IFSC Gift City for wide participation for foreign and Indian investors has also diverted the international players to allocate a substantial portion of their global portfolio to India markets.”
FPIs invested a total of Rs 6,304 crore in debt during the first week of this month, compared to Rs 7,962 crore in equities.
All eyes will be on the budget ideas, which are scheduled to be presented on July 23. It is hoped that these will reveal revolutionary reforms that will give India a competitive edge over other rising international markets. “As India enters ‘Amritkaal’, the FPI community will play a major role for the nation to position as the third-largest economy in the world,” Purohit stated.
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