FPI net investments in debt surge to $14.58 bn

Net investments by foreign portfolio investors in the debt market surged to $14.58 billion in FY 2024, making it the highest net inflow in the past six years as investors turned bullish following announcements to include government securities in global indices.

Out of the total $14.58 billion FPI investments, $10.6 billion inflows came in the last five months of the previous fiscal, according to National Securities Depository data.

In September 2023, JP Morgan Chase & Co announced that it would add Indian government bonds to its benchmark Global Bond Index Emerging Markets Index (GBI-EM).