FPIs Continue To Be Bullish On India: Invest Rs 17,304 Crore In March; Net Buyers For Third Straight Month

Betting big on the prospects of the Indian economy, foreign investors have continued with their buying spree in India for the third straight month of 2021, pumping in Rs 17,304 in Indian markets in bygone March, reports Financial Express.

The robust inflows include Rs 6,822 crore investment into debt markets and Rs 10,482 crore investment into the equities segment. Before this, foreign investors had invested Rs 23,663 crore in Indian markets in February and Rs 14,649 crore in January, on a net basis.

The continued bullishness shown by the overseas investors gains significance as it comes at a time when the COVID-19 cases have witnessed a fresh upsurge in the nation. Expectations of high economic growth, a massive vaccination drive, and improvement in earnings growth are said to be a few such factors that have turned India into a good investment destination from a long-term perspective.

It should be noted that even in 2020, towards the last months, FPIs had been on a buying spree in India.

December 2020 had witnessed investments by foreign portfolio investors surge to a whopping Rs 68,558 crore. November 2020 had seen foreign inflows of Rs 60,358 crore. Before that, in October, Indian equities had witnessed an inflow of Rs 22,033 crore.