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Despite FII outflows, total investment in India remains at USD 18.24 billion
Foreign institutional investors (FII) withdrew significant amounts from India on November 8, 2024, yet total FII investment for the year remains strong at USD 18.24 billion, according to an SBI report. The report highlights the country’s robust economic growth and market conditions amidst global challenges.
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Foreign institutional investors (FIIs) withdrew USD 770.67 million from India on Thursday, including USD 440.86 million in equity outflows, USD 327.44 million in debt outflows, and USD 2.31 million in hybrid outflows. Despite these substantial outflows, total FII inflows for the calendar year 2024 remain strong at USD 18.24 billion. Furthermore, the fiscal year 2025 is set to see additional inflows amounting to USD 8.92 billion, according to a report by the State Bank of India (SBI).
According to the SBI report, India’s domestic economy continues to show strong growth. The supply chain sector is performing well, and a key indicator of economic activity—e-way bill generation—reached a record high of 117.25 million in October, marking a 17 per cent year-on-year increase. This reflects a rise in business and trade activity across the country, signalling a positive trend for the Indian economy.
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