He said that India is leading the way in terms of possible long-term investments for the international fraternity. Three factors, according to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, are responsible for the recent surge in interest in Indian equities: the strength of the Indian markets, a continuous decline in US bond yields (the 10-year yield has fallen from 4.3% to 4.08%), and robust GDP growth.
Foreign Portfolio Investors (FPIs) are becoming more dependable purchasers as they have invested Rs 6,139 crore in Indian stocks this month due to robust economic development, robust markets, and a drop in US bond rates. According to data from the depositories, this occurred after a small investment of Rs 1,539 crore in February and a significant outflow of Rs 25,743 crore in January.
Comparing FPI inflows to the prior month, a favorable trend has been observed. Manoj Purohit, Partner and Leader – FS Tax, Tax and Regulatory Services, BDO India, stated that the Indian equities market is seeing a positive trend due to the recent publication of Q3 GDP numbers of 8.4% and the consistent performance of large Indian corporates.