Foreign portfolio investment (FPI) in India fell to (-) Rs 40,936 crore in 2022-23, a sharp decline from a healthy Rs 2,67,100 crore inflows recorded in 2020-21.
In fact, if the FPI inflows for the last three years are any reflection, they had recorded negative inflows in 2021-22 also, according to finance ministry figures.
FPI inflows had entered the negative zone, as they stood at (-) Rs 1,22,241 crore in 2021-22.
However, in 2022-23 the FPI inflows further fell to (-) Rs 40, 936 crore.
There have been positive signs though in the first quarter of the current fiscal (2023-24), as FPI inflows stood in positive zone at Rs 1,18,133 crore during April-June period of the current fiscal.
The sustained investment by FPIs is a reflection of their increasing confidence in the resilience of the Indian economy and the potential earnings of the corporate sector.
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