Strong Foreign Portfolio Investment inflows into the Indian equity markets worth over 2 lakh 74 thousand crore rupees took place in the last financial year. The Finance Ministry has said that this reflects steadfast confidence of foreign investors in the fundamentals of the Indian Economy.

Finance Ministry has said that this happened because of faster than expected economic recovery supported by multiple tranches of innovatively designed stimulus packages. It said that the Government and regulators had also undertaken major policy initiatives directed at improving ease of access and investment climate for Foreign Portfolio Investments (FPI) in the recent past.

These include simplification and rationalisation of the FPI regulatory regime, operationalisation of the online Common Application Form for the purpose of registration with SEBI, allotment of PAN and opening of bank and Demat accounts.

The growth forecast for India in the current financial year has been pegged above 10 per cent  by the World Bank, IMF and several global research organisations underscoring that India will continue to remain an attractive investment destination in the near future.