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At Rs 2.74 trillion, FPI flows surpass previous best in FY13: Govt

Policy initiatives and economic revival boosted foreign investment, says finance ministry

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The Finance Ministry said on Tuesday the sharp inflows last fiscal were due the government’s policy initiatives and economic recovery.

Samie Modak Mumbai

2 min read Last Updated : Apr 07 2021 | 1:33 AM IST

Foreign portfolio investors (FPI) put in a record amount of Rs 2.74 trillion ($37 billion) during the 12 month ended March 2021. The previous best for the highest-ever FPI flows in a financial year was in FY13, when overseas investors had pumped in Rs 1.4 trillion ($25.8 billion), data provided by NSDL showed.

The Finance Ministry said on Tuesday the sharp inflows last fiscal were due the government’s policy initiatives and economic recovery.

“The robust FPI flows came on the back of faster-than-expected economic recovery supported by multiple tranches of innovatively designed stimulus packages. The government and regulators had also

Topics : FPI Foreign portfolio investment foreign investment

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