After the ₹113 lakh crore selloff, foreign investors are shifting from India to China: Report
By : Sandhya
Even if an unparalleled losing run has depressed market prices, international fund managers are not in a rush to buy Indian companies. Due to the market's ongoing struggles with an economic slowdown, profit downgrades, and possible US tariffs, traders seeking deals in Asia are turning to still-cheap Chinese stocks, which are experiencing a bull run spurred by advancements in artificial intelligence.
The mood demonstrates how, as the South Asian economy's development returns to a comparatively slower pre-Covid norm amid a decrease in spending, the much-heralded stock movement from China to India has reversed.
At this point in the year, foreign investors have taken out about $15 billion (more than ₹1.30 lakh crore) from domestic equities, putting outflows on pace to surpass the record $17 billion (more than ₹1.48 lakh crore) seen in 2022. India's market value has dropped by $1.3 trillion (more than 113.29 lakh crore) as a result of the selloff.