India continues to charm FIIs

Despite policy inaction and slowing growth, foreign institutional investors (FIIs) continue to bet on India’s long-term attractiveness.

In fact, India is at the top of the chart of major Asian countries in receiving net inflows from FIIs so far this year. FIIs have net bought Indian shares worth $10.68 billion (Rs 59,559 crore) in this year till August 2, highest among the 10 Asian countries for which Bloomberg data are available. South Korea ($6.06 billion), Japan ($4.40 billion) and the Philippines ($2.20 billion) are the other favourite Asian markets among FIIs this year(Click on graphic)