India is the 2nd Largest Recipient of Foreign Flows in 2023

January 17, 2024

Context:

India becomes the 2nd largest destination for foreign capital of around $15 billion. The Report is being released by Elara Capital.

India Second Largest Recipient of Foreign Flows in 2023 After US: Key Findings

Global Recipients of Foreign Flows: The USA, India, Japan and Hong Kong were the largest recipients of global flows in 2023.
- China came in at the fifth spot, followed by Brazil and Mexico.

foreign flows

Mid-Cap Funds in India: Till September 2023, inflows into mid-cap funds accounted for almost 40 per cent of the total India funds.
- A mid-cap fund is a pooled investment, such as a mutual fund, that focuses on companies with a market capitalization in the middle range of listed stocks.
Global Sectors Trends: IT sector followed by Consumer Staples and Industrials have seen the largest inflows whereas, Energy and Utilities saw net outflows.
India’s allocation in Global emerging market (GEM) Funds: It has reached back to the previous high of 16.9% seen in October 2022.

Also Read: India Tops Global Remittance Flows At $125 Billion In 2023

News Source: Business Standard

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