At Rs. 1.75 Lakh crore, Indian equities see highest-ever foreign inflows
Image Credit: astanatimes
In 2023, foreign portfolio investors (FPIs) have invested a record-breaking Rs. 1,74,663 crore into the Indian stock market, surpassing the previous high of Rs. 1,72,849 crore in 2020. This influx of funds into Indian equities reflects the confidence of foreign investors in the narrative of India's economic growth. The optimism about India's economic future, the US Federal Reserve's signal to cut rates in 2024, and expectations of the BJP winning next year's general elections contributed to this surge.