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Foreign investors seen making a comeback in India in 2019

News Summed Up 2019-01-10 05:30:00

FPI equity flows in emerging markets were negative in 2018 due to strong dollar, high oil prices. Photo: Abhijit Bhatlekar/MintMumbai: Foreign portfolio investors (FPIs) will return to India and other emerging markets in 2019 after staying away the previous year, a top executive at Aditya Birla Sun Life mutual fund said. In addition, domestic liquidity will sustain in India with SIP flows expected to remain steady,” Patil said at a press conference on Thursday. Amid stock market volatility, foreign institutional investors (FIIs) saw a net outflow of $4.58 billion from India, the steepest sell-off in a decade. An improving growth outlook “on the road to recovery” will drive markets to scale new highs in 2019.