India’s consumption uptick brings back FPI money in August
Business

India’s consumption uptick brings back FPI money in August

By Dan Neff

Between July 15 and August 15, inflows into financial services and consumer segments accounted for more than half of the total inflows of $4.6 billion.

Synopsis

Fortnightly inflows have been consistently increasing for the third time in a row with the second half of August having an inflow of $3.7 billion. India has been a big beneficiary of foreign fund inflows to the South Asian region. In the current quarter to date, Asia’s third-largest economy received inflows of $7.5 billion, Bloomberg data showed.

ET Intelligence Group: Buoyed by the strength in consumption growth, foreign portfolio investors are raising their bets on Indian equities when most developed markets are squeezed by slowing consumption and rising costs.

FPIs have poured in ₹51,209 crore ($6.4 billion) in August, the highest in 20 months, data from NSDL showed.

Fortnightly inflows have been consistently increasing for the third time in a row with the second half of August

BY

ET Bureau

2 mins read, Last Updated:

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Dan Neff