Mauritius No Longer Top Foreign Institutional Investor Provider to India
From American Bazaar
The U.S. is currently the largest provider of Foreign Institutional Investors (FIIs) to India, with a net total of $10 billion having flowed into India already in 2014.
America’s ascension to the top spot means that India’s top FII source, Mauritius, has been knocked down to number two. The information comes from the Securities and Exchange Board of India (SEBI), who also said that the half of the $10 billion already invested in India this year has come from FIIs into the Indian equity markets, while the other half has gone into the country’s debt markets.
The cumulative total of FIIs into the country is expected to hit $200 billion shortly; over the last 22 years, since FIIs first opened in 1992, India has seen $167 invested in its equities market and $30 billion in its debt markets, for a total of $197 billion. This will certainly be passed in 2014, and possibly even within the next couple of months.
March along saw foreign investors put over $3 billion into India, a huge increase from January and February, which only saw about $354 million combined. Foreign investments overall have positively influenced India’s stock index, the BSE Sensex, which has seen a 7% growth so far in 2014. Both of India’s major stock indices, the BSE Sense and the NSE Nifty, have seen record highs this year.
Read more at American Bazaar
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