FPIs pulled out ₹1.58 lakh crore from India this year
Foreign investors pulled out ₹23,885 crore ($2.7 billion) from Indian stocks in September 2024—the third straight month of big exits.
This brings total FPI withdrawals this year to a hefty ₹1.58 lakh crore ($17.6 billion), showing that global and local uncertainties are making them rethink India.
Why the exodus?
US trade moves—like steep tariff hikes on Indian goods and a new $100,000 H-1B visa fee—have made sectors like IT less attractive for foreign money.
Plus, the rupee hitting record lows and high stock prices at home have pushed investors to look at other Asian markets instead.
What could bring FPIs back?
Some experts say things could bounce back if valuations improve or GST rates get cut.
But for FPIs to return in force, they'll want more clarity on tariffs and currency stability first.
A glimmer of hope
Even as they ditched stocks, FPIs put ₹2,298 crore into Indian debt markets last month—so while they're cautious on shares right now, they're not giving up on India entirely.