Foreign portfolio investors are increasingly drawn to India’s 1.5 trillion dollar government securities market amid improving macro stability, fund managers reported Friday.
Inflows accelerated after index inclusions and tax reforms eliminated capital gains and withholding taxes on government bond income for foreign investors.
Analysts said India’s relatively stable growth outlook and reform momentum distinguished it from other emerging markets facing sharper currency and fiscal pressures.
The Reserve Bank of India’s support for the rupee has further bolstered confidence among international bond buyers.
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Sources:
https://www.business-standard.com/economy