Indian growth story continues with a surge in FPI, FDI & corporate bond market flows

Indicating the beliefs of investors in the strength & resilience of the Indian economy, the country’s growth story continues to expand with increasing foreign portfolio investment (FPI), foreign direct investment (FDI) and corporate bond market flow.

As per data in the report issued by the Ministry of Finance, FPI inflows have witnessed a major recovery in the month of October and November 2020. These noteworthy inflows were mainly driven by equity inflows, causing the highest ever FPI inflows for a month for India.

As of November 28, 2020, FPI inflows mounted at Rs 62,782 crore. Out of which, equity inflows stood at Rs 60,358 crore while FPI net investment in debt & hybrid stood at Rs 2,424 crore.

Further, during Q2FY21, the total FDI inflows came in at USD 28,102 million. Out of which, equity inflows stood at USD 23,441 million or Rs 174,793 crore. With this, the total FDI equity inflow in FY21 stood at USD 30,004 million, 15 per cent greater than that of the corresponding period last year.

The report further noted that in H1FY21, the total corporate bond issuances stood at Rs 4.43 lakh crore, 25 per cent greater than that what it was during its corresponding period last year.