Global indices' rejig, economic recovery attract FPI flows to India

With its massive and successful vaccination programme, India is generally seen in better light when it comes to recovery from the coronavirus pandemic With its massive and successful vaccin

India has been left somewhat unscathed when it comes to foreign portfolio investor (FPI) flows in the aftermath of the spike in US bond yields. Between February 15 and March 10, India's FPI flows stood at $874 million, and its emerging market peers saw outflows. FPIs were net sellers to the tune of Rs 942 crore on Friday, according to provisional data from exchanges.

Analysts cited global indices' rejig as one of the reasons for continuing inflows to India. Last month MSCI announced rebalancing, and inflows of over $250 million were expected because of this rejig. The FTSE Global Equity