Foreign Portfolio Investors (FPIs) have invested a net of Rs 12,266 crore in Indian markets in the first five trading sessions of February. The perception has turned positive after the presentation of the General Budget 2021-22, which has led to FPI's fascination with the Indian market. According to depository data, FPIs invested a net of Rs 10,793 crore in shares during February 1 to 5. His investment in the debt or bond market stood at Rs 1,473 crore. His net investment thus stood at Rs 12,266 crore.
After the budget, the market attracted rapidly
Last month, FPI netted Rs 14,649 crore in Indian markets. "The market has picked up after the budget, leading to increased FPI inflows," said Rasmik Ojha, executive vice-president and head (basic research), Kotak Securities. A huge increase in capital expenditure and a high level of fiscal deficit by 2025-26 will result in rapid revival of the economy. This will lead to higher income growth in future.
Grow co-founder Harsh Jain said that India's growth forecast for the next financial year is encouraging. Jain said that India is one of the few countries that are recovering from the adverse effects of the corona virus epidemic faster than other large economies of the world.
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