Foreign portfolio investments (FPIs) in India reached Rs 3,39,066 crore in the fiscal year 2023-24, underlining the resilience and attractiveness of the country’s financial landscape. In the current fiscal, FPIs have pumped in Rs 1,71,248 crore (year-to-date), according to the government.
As per NSDL data, foreign portfolio investors injected Rs 48,822 crore into Indian equities this month (till September 26). They have continued their inflows in the market buoyed by the recent US Fed rate cut.
India’s booming IPO market also stands as a testament to its economic strength, with multinational corporations such as Hyundai and LG now choosing to list in the country, according to a report by the Ministry of Information and Broadcasting.
The number of initial public offerings (IPOs) rose by 66 per cent in FY24, from 164 in FY23 to 272 in FY24, while the amount raised increased by 24 per cent, from Rs 54,773 crore to Rs 67,995 crore during the same period.
As per the Reserve Bank of India (RBI), September is set to be the busiest month for IPOs in 14 years.
This shift reinforces India's growing significance within the global financial ecosystem. Rather than opting for outright buyouts, these corporations are increasingly seeking partnerships with local firms, recognising the strategic value of collaboration in India’s unique business environment.
“This trend reflects India’s evolution from being merely a market to a pivotal partner in shaping global business strategies, further cementing its role on the international stage,” the ministry said.
Jamie Dimon, CEO of JPMorgan, saids recently that India is set for continuous growth for the next 30 years, owing to its demographic advantage and strategic positioning in the global economy.
As highlighted by Dimon, the growth potential of India is intricately linked to its liquidity and valuation dynamics.
With the world's fourth-largest stock market, India has seen daily average cash-trading levels surge threefold from pre-Covid levels.
As per the ministry, although foreign portfolio inflows have experienced a recent slowdown, India's high-yielding markets and robust growth potential continue to attract significant interest.
The retail sector's buying spree, fuelled by high liquidity, is expected to invite further foreign investments, as noted by Kevin Foley, JPMorgan’s global head of capital markets.
The report said that with a youthful population, a thriving digital economy, and an expanding manufacturing base, India is harnessing its demographic dividend and embracing innovation to drive sustainable economic development.
The country's diverse capabilities span multiple industries, including services, manufacturing, and technology, offering enormous opportunities for development, it added.
Flight operation between Agartala-Delhi to be increased; resumption of flight operation between Agartala-Aizawl, Agartala-Shillong, says MP Biplab Kumar Deb
The former Chief Minister and presently the MP for West Tripura constituency Biplab Kumar Deb on Friday chaired the airport advisory committee meeting here at Agartala MBB Airport and said that there is a plan to increase direct flight operation from Delhi to Agartala.
Tripura: Bill proposes hike in salaries of CM, Ministers and MLAs upto 50pc
An Amendment Bill has been moved in the Tripura Assembly on Friday proposing the increase of salaries, allowances of Ministers, MLAs and former legislators by 45 to 50 per cent.
Winter assembly session begins in Tripura; Governor Indrasena Reddy Nallu lauds Govt’s effort in maintaining law and order in Tripura
In his speech in the sixth session of the 13th Tripura Legislative Assembly, the Governor said, “The state of Tripura is witnessing development in almost every sector including infrastructure, health care, education, agriculture and others under the guidance of the Centre and state leadership.”
TSF stages protest, demands to raise Roman script for Kokborok language in Assembly
The Twipra Student Federation (TSF), a wing of the North East Students Organisation (NESO), on Friday staged a protest near Circuit House in Agartala, demanding the issue of adopting the Roman script for the Kokborok language be raised in the winter session of the Tripura Legislative Assembly, which started today.
Govt to appoint over 400 Assistant Professors in colleges: CM
In a move to provide quality education to students studying in various colleges and to solve the crisis of Professors across the state, the Tripura government has taken a series of steps, including the appointment of 200 Assistant Professors,
Drug peddling: ED raids cop's residence, premises of suspected smugglers in Tripura
The Enforcement Directorate (ED) sleuths on Friday conducted raids in Tripura and searched the residence of a police official and premises of several people allegedly involved in drug peddling and money laundering cases, sources said.
Crucial winter session of Tripura Assembly to begin from tomorrow
The crucial winter session of the Tripura assembly would begin on Friday and a bill would be moved in the House amending the existing law to provide retirement benefits to all MLAs who have served even for just a day, officials said on Thursday.
Ex-CM accuses BJP of divisive politics to mask hide core issues
Former Tripura Chief Minister Manik Sarkar on Saturday criticized the ruling BJP, accusing it of fostering divisions among Hindus, Muslims, Tribals, and Non-Tribals to divert attention from pressing issues such as rising prices, unemployment, and economic hardships.