FPIs Bet Big On India's Economy: Invest Record Rs 68,558 Crore In Indian Equities And Debt

Betting big on the prospects of the Indian economy, the foreign investors have pumped in Rs 68,558 crore into Indian markets in December, reports Livemint.

The robust inflows include Rs 6,542 crore investment into debt markets and Rs 62,016 crore investment into the equities segment. This marks the highest quantum of money invested into the Indian equities in a single month ever since the NSDL began to report the FPI inflow data.

This gains significance as it comes at the backdrop of foreign inflows of Rs 60,358 crore into Indian markets in November, which was the highest-ever inflow of funds recorded ever in a single month. Before this, in October, Indian equities had witnessed an inflow of Rs 22,033 crore.

As a result of this, equity investors grew richer by Rs 32.49 lakh crore in 2020 on the back of smart returns in the stock market.

It should also be noted that the growing investor interest towards India comes amid better than expected economic recovery and positive sentiments about Covid-19 vaccine development, both in India and the rest of the world.