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FDI inflows into India rise to $42 bn in 2014
December 28, 2014, 6:15 am

Foreign investors poured in $2 billion in the Indian capital markets this month so far, taking total inflows to $42 billion since January this year [AP Images]

Foreign investors poured in $2 billion in the Indian capital markets this month so far, taking total inflows to $42 billion since January this year [AP Images]

Foreign investors poured in $2 billion in the Indian capital markets this month so far, taking total inflows to $42 billion since January this year.

The net investment by foreign investors into Indian equities stood at $116 million during December 1-26, while total inflows in the debt market in the same period were $1.94 billion, reveals the latest data.

Mauritius (36 per cent) and Singapore (12 per cent) hold the top spots in shares of top investing countries in FDI equity inflows.

The Indian debt market attracted most of the funds this month, and investment in equities was just $116 million as FPIs (Foreign Portfolio Investors) sold shares in the 12 trading sessions to Friday last.

The net investment by foreign investors into the equity market has reached $16 billion this year so far, while in the debt markets it is at $26.4 billion aggregating to $42.4 billion.

Meanwhile, China drew $106.2 billion in foreign direct investment (FDI) in the first 11 months of 2014, China’s Ministry of Commerce said earlier this month. In November alone, China attracted $10.4 billion in FDI, up 22.2 per cent from a year earlier.

Indian Prime Minister Narendra Modi is trying to follow through on pledges to revive economic growth after he swept to power in May with the strongest electoral mandate in 30 years.

Modi has also won the confidence of foreign investors, who poured more money into Indian exchange-traded funds than any other emerging market.

The Indian government has named former International Monetary Fund official Arvind Subramanian as its new chief economic adviser in October.

 

TBP and Agencies

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