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Below the Quote on Weekly FPI Trend Comment - Manoj Purohit, Partner and leader - FS Tax, Tax and Regulatory Services, BDO India

“FPI inflows have shown a positive trend as compared to the previous month. Thanks to the recent announcement of Q3 GDP numbers at 8.4%, persistence performance of large Indian corporates being major factors for turning the tide green for the Indian equity market.

On the regulatory front, announcements such as removal of UAE from the grey list, SEBI’s consultation paper for easing UBO disclosures’ norms for regulated FPIs have been the major catalysts to put India on the forefront for potential long term investments for the foreign fraternity.

On the macro-economic factors, forthcoming general elections and large companies reflecting profound earnings along with decent valuations would stimulate India to be on the top spot amongst the global emerging markets to look out for atleast next 2-3 years. Large fund houses have also started the exercise of considering reallocation of capital to India. Seeing the proactiveness of the Indian government in easing the mode of carrying business operations, compliances, and quickly updating the regulations will surely make India is a global hub for carrying out businesses in all the spheres.”

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