Business Standard

Why are FPIs selling?

We need to see a concerted attempt to make India an easier place to do business

Illustration: Ajay Mohanty
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Illustration: Ajay Mohanty

Akash Prakash
We have recently seen significant selling of Indian equities by foreign portfolio investors. In July, the selling has touched almost $2.5 billion, and is now seems to be accelerating. Consequently, India has had a very tough year on a relative basis. While the markets globally are hitting new highs, we are struggling to stay in positive territory. Indian mid-caps and small-caps continue to get decimated — downdouble digits for the year. In a ranking of the top 50 equity markets, in terms of performance year-to-date, we are ranked 43rd. What is surprising is that we are doing poorly despite what
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First Published: Jul 30 2019 | 12:01 AM IST

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