Union Finance Minister Nirmala Sitharaman said in the Lok Sabha on Monday that India continues to be the highest Foreign Direct Investment (FDI) recipient and Indian retail investors have decided to handle the situation arising out of large amount of FPI withdrawals from the stock markets. capacity has been developed.
Retail investors proved themselves
Responding to Congress MP Shashi Tharoor’s question during Question Hour in Lok Sabha, Sitharaman said foreign investment should not be measured only by FIIs (Foreign Institutional Investors) and FPIs (Foreign Portfolio Investors). She said that the dependence of FIIs and FPIs is on the interest rates and they keep on fluctuating. She said that FIIs and FPIs keep coming and going. But today Indian retail investors have proved that any setback can be handled. It is worth mentioning that Shashi Tharoor had questioned the trend of foreign investors’ inflow of funds, referring to the withdrawal of more than Rs 1.14 lakh crore by foreign investors from the Indian market.