press trust of india, New Delhi, May 26: India’s capital markets have caught the attention of overseas investors as they have pumped in a massive over Rs2.5 lakh crore in equities and debts during the first year of the Modi government.
The net investments by Foreign Portfolio Investors (FPIs) into Indian equities stood at Rs93,636cr during the first one-year period since the NDA government, led by PM Narendra Modi, took charge on May 26, 2014.
The same for debt markets was at Rs1,58,165cr, taking the total to Rs2,51,801cr, according to data from the Securities and Exchange Board of India (Sebi).
Market analysts believe that FPIs have been betting on the Indian market mainly on account of reforms measures initiated by the central government.
“After the change of the government at the Centre in May last year, there has been a significant change in sentiment and outlook towards India,” Axis Mutual Fund managing director and CEO Chandresh Nigam said.