Compared with other countries, India has registered an FII inflow (equity) of $12.2 billion for the quarter ended June 30.
On the other hand, countries such as South Korea, Taiwan and Indonesia have received far less inflows compared to India, Jahnavi Prabhakar, Economist at Bank of Baroda, said in a report.
Notably, the US and Thailand have seen FPI moving out of their respective countries. However, it is interesting to note that Japan has received a strong FPI inflow to the tune of $66 billion.
For debt flows, the US, Japan and South Korea outshines other countries in the fray. India has relatively low debt inflow in comparison to other countries, though it still remains more than Indonesia, Malaysia and Thailand. The uncertainty of not been included in MSCI index has also pushed debt flows further away.
Certain global stock indices have gained double digit return from March to June. Among these, the biggest jump has been registered in Nikkei followed by Russia and Sensex. Indian equity continue to outperform other emerging economies on the back of strong optimism surround India’s growth story, signs of traction in domestic demand, supported by benign oil prices.
Additionally, robust financial markets coupled with better IPO returns and conducive environment will attract more FII flows in to the country, the report said.
Indian economy remains a favored place for investment as has been reflected by strong FPI flows in the past few months. This is likely against the backdrop of stable government polices, robust macro fundamentals, stable inflation and sustainable growth rates.
On the other hand, global economies have been witnessing challenges of slower growth, elevated inflation, fears of recession and rate hike cycle by central banks.
In terms of steady growth, China’s economy has also hit some breaks, pushing investors to rely on other countries for better returns. Countries such as India, Japan and South Korea have made most of the gains compared with global counterparts, especially in equity markets, the report said.
ADB funded Rs 530 crore water supply schemes for 12 Tripura cities
The Asian Development Bank (ADB) would provide financial assistance of Rs 530 crore to the Tripura government to upgrade the drinking water supply in the state’s 12 cities benefiting around four lakh people, officials said here on Friday.
Adani Energy Solutions to see 20 pc CAGR revenue growth with over 100 pc upside for stock: Report
On the transmission front, AESL is working on nine additional projects that it expects to complete over the next 18-24 months. These projects will help drive operational revenue from Rs 4,045 crore in FY24 to Rs 7,000 crore in FY27, representing a CAGR of 20.7 per cent.
Supreme Court's YouTube channel hacked
The Supreme Court on Friday temporarily disabled its YouTube channel after it was hacked and broadcasted videos promoting a cryptocurrency developed by a US-based company.
'DVC responsible for Bengal flood situation', Mamata Banerjee writes to PM Modi
West Bengal Chief Minister Mamata Banerjee, on Friday, wrote a letter to Prime Minister Narendra Modi accusing Damodar Valley Corporation (DVC) of being responsible for the current flood situation in the state.
The guilty must not be spared: Mukhtar Abbas Naqvi on Tirupati laddu row
Senior BJP leader Mukhtar Abbas Naqvi, on Friday, said that the use of animal fat in the iconic Tirupati laddu is an attack on the faith of millions of people, and whoever is found guilty of desecration must not be spared.
Role of food regulators more crucial to protect consumers' health: JP Nadda
As the world is faced with challenges like foodborne illnesses, nutraceutical safety, novel foods and micro-plastics, the role of food regulators has never been more crucial and it demands continuous collaboration, relentless innovation and a commitment to constant improvement in the food safety systems, the government said on Friday.
YSRCP seeks probe by Andhra HC into Naidu’s claim of animal fat in Tirumala laddu
The row over animal fat in the Tirupati laddu took a new turn on Friday with the YSR Congress Party (YSRCP) approaching the Andhra Pradesh High Court to seek a probe into the allegations.
Art for Aid: Local Artists Unite to Support Flood Relief in Agartala
The IMA Foundation’s Bridge 2 Worlds has organized a special exhibition in Agartala, featuring a collection of paintings created to support those affected by the floods. All proceeds from the sales are directed to the Chief Minister’s Relief Fund.