New Delhi. India has become a big destination for foreign investors. Neighboring country China is continuously getting shock due to this. According to India’s National Depository data, foreign investment has increased by one-third in the last 10 months. Foreign investment worth $20 billion has been made in India in the year 2023 alone. Due to uncertainty in China, foreign investors are withdrawing from the stock market there and investing in India. In January alone, the stock market there has registered a decline of 27 percent. At the same time, India’s stock market is currently worth 4 trillion dollars. Due to the formation of permanent BJP government at the Center for two consecutive terms in 2014 and 2019 and the economic development policies of PM Narendra Modi, foreign investment in India has continuously increased and this has also strengthened India’s foreign exchange reserves.
According to Goldman Sachs, by the end of this year the Nifty 50 share index will reach 23500. At the same time, the International Monetary Fund (IMF) has estimated India’s GDP to be 6.7 percent. World Bank and other rating agencies have also said that India’s GDP is higher than other countries. Because of this, a large number of foreign investors are coming towards the Indian stock market. According to media reports, domestic institutional investors are investing $2 billion worth of capital in the stock market every month. This has also increased the interest of foreign investors in the Indian stock market. The stock market has given good returns even after several falls. That too when the situation in the stock markets of other countries is quite volatile.
Recently, the Indian stock market has overtaken the Hong Kong stock market and reached the fourth position in the world. This has also dealt a big blow to China. PM Narendra Modi has announced that next time he forms the government, he will make the country the third largest economy in the world. Its impact also seems to be on foreign investors. India is currently the 5th largest economy in the world. While the economy in Europe and America has suffered a setback due to the Ukraine-Russia war and Israel-Hamas conflict, the economic situation in India currently remains strong.