In a positive development for the Indian economy, the foreign investors are betting big on it as the net inflows into the Indian equities by foreign investors continue to zoom, reports Economic Times.
So far in the ongoing December, between 1-18 December, foreign portfolio investors (FPIs) have pumped in a net sum of whopping Rs 54,980 crore into Indian markets. The investments could soar further with over a third of December still to unravel.
Of the aforementioned sum, Rs 48,858 crore have been invested into Indian equities, while Rs 6,122 crore have been invested in the Indian debt segment.
This gains further significance as it comes at the backdrop of FPIs investing a whopping sum of Rs 62,951 crore into Indian equity markets in November, which was the highest-ever inflow of funds recorded ever in a single month.
It should also be noted that the growing investor interest towards India comes amidst better than expected economic recovery and positive sentiments about vaccine development against COVID-19, both in India and the rest of the world.
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.