Net FII inflow at $30 billion ytd

Sep 01 2014, 00:30 IST
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SummaryBetting big on the government's reforms agenda, net investment by overseas investors into India...

Betting big on the government's reforms agenda, net investment by overseas investors into India so far this year has reached $30 billion while their cumulative total inflows into the country has crossed the $200-billion mark.

The net investment by foreign investors into Indian debt markets since the beginning of 2014 has reached $17 billion while the same for equities stands at $13 billion, taking the total to $30 billion.

This includes a net investment of $3.65 billion this month.

Market analysts maintain that overseas investors (foreign institutional investors, sub-accounts or foreign portfolio investors) have been betting on the Indian market mainly on account of the reforms agenda of the new government at the Centre.

Also, they anticipate that inflows would continue in the coming months on the slew of measures announced by the government.

FIIs, the main driver of the equity market, have helped pushed up the benchmark BSE Sensex by 26% so far in 2014 and is now moving above 26,000 level.

The strong inflows in the recent months have taken the cumulative net investment of FIIs into India to $201 billion.

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