Foreign investors likely to return to Indian equities soon: Chris Wood

Foreign portfolio investors exited India in droves and have sold stocks since October 2021 amid fears of an earlier and faster-than-expected rate hike by the US Federal Reserve (US Fed)

Foreign investors that have dumped Indian equities since October 2021 are likely to reverse their stance soon given the resilience of the Indian economy against multiple headwinds, believes Christopher Wood, global head of equity strategy at Jefferies.

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“The strong rebound in non-oil and gas imports reflects the economic recovery following the Delta wave. Even if oil remains at around $100 a barrel, India still looks on course for growth of 7 per cent next fiscal year, helped by the renewed upturn in the