New Delhi [India], Sep 9 (ANI): India emerged as one of the most favoured destinations for global fund managers with foreign portfolio investment (FPI) inflows into equity markets totalling Rs 2.74 lakh crore in 2020-21.

The FPI equity during 1992-2020 was to the tune of Rs 7.64 lakh crore, government data shows.

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Nearly 26 per cent of total FPI equity (foreign portfolio investment) inflow in India over the past 30 years came in 2020-21.

This was despite Covid-19 pandemic leading to a countrywide shutdown of business and economic activities, reflecting confidence of foreign investors in the fundamentals of Indian economy.

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The rise in foreign fund inflows have led equity benchmark indices to touch record new highs. (ANI)

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