Insta
Money Magnet: After Nov's Record Inflows, India Sees Rs 54,980 Crore Net Inflow In December
Swarajya Staff
Dec 21, 2020, 01:24 PM | Updated 01:24 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
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.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.