After a muted first half of 2022, global investors turned net buyers of Indian stocks in July as its equity markets provide respite from widespread economic gloom. (Source photos by AFP/Jiji and screenshot from BSE's website)

India stocks and bonds lure in foreign investors

Growing expectation of inclusion in benchmark global index

SAYAN CHAKRABORTY, Nikkei staff writer

September 19, 2022 06:01 JST

BENGALURU -- Foreign investors have India in their sights as its equity markets provide respite from widespread economic gloom while its bonds are expected soon to be added to a benchmark global index.

After a muted first half of the year, global investors turned net buyers of Indian stocks in July. Since then net foreign investment in Indian equities has reached 657 billion rupees ($8.3 billion), compared with net outflows of 2.17 trillion rupees (approximately $27.5 billion) between January and June.