Finance Minister Arun Jaitley tabled the Economic Survey for 2015-16 tabled in Parliament on Friday. The survey stated that Indian Equity markets are relatively resilient compared their global counterparts.
The Economic Survey 2015-16 presented in Parliament by Union Finance Minister Arun Jaitley states that “despite volatility in global financial markets, the Indian equity market has been relatively resilient during this period compared to the other major emerging market economies.”
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The survey has pointed out that Indian markets have “rebounded time and time again”, and it is hoped that as the global financial market settle down, Indian market will attract foreign investments in a big way.
Benchmark indices BSE Sensex and NSE Nifty slid over 20 per cent in the past one year due to several factors such as rupee depreciation, weak global markets, selling pressure by foreign institutional investors and China yuan devaluation.
India can become the leading investment destination owing to its robust macroeconomic fundamentals, the Economic Survey 2015-16 said.
The net investment by Foreign Institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) in the Indian market has been Rs 63,663 crore in 2015 as compared to Rs 2,56,213 crore in 2014.