8 Mar 2017

India’s external strength

The Foreign Investment Promotion Board has aproved 15 FDI projects worth a total of $2bn. In the first three quarters of FY17, 2,500 new applications for FPI status which may partly explain the recent acceleration of FPI purchases of Indian equities. In an interesting reflection of India’s external strength, the country’s holdings of US Treasury paper now stand at $118.2bn, making it the twelfth largest foreign holder.

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