Foreign investments touch Rs.10,000 crore in March

0
1538

The first ten days of March saw foreign portfolio investments (FPI) worth Rs.10,000 crore in the country, as foreign investors aim to ride the wave of India’s rising economy. Prime Minister Narendra Modi’s pro-business attitude has paid dividends, with foreign portfolio investors pumping Rs.9,628 crore in equities and Rs.660 crores in debt in the period between March 1-10.

investments
While FDI’s saw an 18% rise last year, March alone has seen FPIs to the tune of Rs.10,000 crore.

Total investments during this period stood at Rs.10,288 crore, with this number expected to grow on the back of BJP’s victory in the latest state elections.

February saw foreign investments to the tune of Rs.15,862 crore in equities and debt. India’s economic growth is expected to be 7.7% by next year (according to a report by Fitch), with investors eyeing local markets.

With the ruling NDA looking to make India an attractive destination for foreign investors, these sums are likely to go up in the coming financial year. Global factors like the US Federal Reserve policy, changes in oil prices, EU’s monetary policies and Donald Trump’s stand on interest rates are likely to play a key role in foreign portfolio investments in India.

Foreign portfolio investments refer to investments in securities and financial assets which are passively controlled by foreign investors. These investors do not have direct ownership of assets, differentiating it from foreign direct investments (FDI).

Foreign direct investments in India stood at $46.4 billion in 2016, an increase of 18% over the previous year.

FDI investments in September and October alone stood at $5.1 billion and $6.2 billion respectively.

Foreign portfolio investments stood at Rs.22,655 crore since January this year, with equities accounting for Rs.18,354 crore and debt accounting for Rs.4,301 crore.

All information, including but not limited to news articles, published on this website are strictly for general information purpose only. BankBazaarnews.com does not provide any warranty about the authenticity and accuracy of such information. BankBazaarnews.com will not be held responsible for any loss and/or damage that may arise or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for any product may vary from the information mentioned above. Please visit www.bankbazaar.com for the latest rates/offers.

Copyright reserved © 2018 A & A Dukaan Financial Services Private Ltd. All rights reserved.

LEAVE A REPLY

Please enter your comment!
Please enter your name here