FPIs pour Rs 8,500 crore into Indian equities, showing faith in economy’s resilience amid global slowdown.

Foreign Portfolio Investors (FPIs) have shown renewed confidence in India’s economic resilience as they injected nearly Rs 8,500 crore into Indian equities last week. This comes at a time when the U.S. and China are expected to experience subdued growth, with India projected to grow at 6 per cent. The influx of funds from FPIs indicates a shift in interest towards domestic consumption-led sectors in India. The positive sentiment from foreign investors could further boost the Indian stock market and provide a much-needed stimulus to the economy. This development highlights India’s attractiveness as an investment destination and showcases investor confidence in the country’s long-term growth prospects.

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