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Quote on FPI foreign investors are still preferring the FPI route for their investment By Manoj Purohit, BDO India
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Below is quote on FPI By Manoj Purohit, Partner & Leader – Financial Services Tax, BDO India.
‘Though recently there has been some net outflow in terms of FPI investment, foreign investors are still preferring the FPI route for their investments as India continues to be a preferred investment destination in terms of overall growth and stability. There has been overall development in the capital market like the stock exchanges moving to T+1 settlement, SEBI introducing information databases and repositories on Municipal Bonds. Similarly, the fiscal budget 2023 is likely to provide further acceleration for the foreign investment inflows as demonstrated by the Government in its previous budgets.’
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