Earnings bet, bond index move drive FPI inflows
Hindustan Times|January 08, 2024
Foreign portfolio investment (FPI) net inflows into Indian equities and debt in 2023-24 have reached a nine-year high, showed data from the National Securities Depository Ltd (NSDL).
Ram Sahgal
Earnings bet, bond index move drive FPI inflows

At 2.68 lakh crore, this is just 39,625 crore away from 2014-15's record net inflows of ₹2.77 lakh crore. In monthly average terms, foreign portfolio investors have invested net 29,780 crore in Indian equities and debt this fiscal. With three months left for the close of 2023-24, the final figure could set a new record for FPI. Between equity and debt, the former accounts for net flows of 2.02 lakh crore, while debt investments stand at 266,105 crore. In 2014-15, the year that the Narendra Modi government first came to power, equity inflows were at 21.11 lakh crore, while net debt inflows stood at 1.66 lakh crore.

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