Foreigners Dump Record $12 Billion India Stocks in March on War

Foreign investors are exiting Indian equities at a record clip as a global retreat from riskier assets and concerns over surging energy costs take hold. The outflows are likely to pressure Indian equity markets and FX and weigh on near-term growth sentiment, overshadowing the nation's longer-term growth narrative.

Analysis

Foreign investors are exiting Indian equities at a record clip as a global retreat from riskier assets and concerns over surging energy costs take hold. The outflows are likely to pressure Indian equity markets and FX and weigh on near-term growth sentiment, overshadowing the nation's longer-term growth narrative.