Foreign Portfolio Investors (FPIs) have shown renewed interest in Indian equities by injecting almost Rs 8,500 crore last week, indicating a positive outlook on India’s economic stability. This surge in investment comes at a time when the growth prospects in the U.S. and China are subdued, with India expected to grow at a rate of 6 per cent. FPIs are particularly drawn to sectors fueled by domestic consumption, as they see potential for growth in these areas. The inflow of funds from FPIs underscores the confidence in India’s resilience amidst global economic uncertainties.
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