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| 22 June, 2023, 05:48 AM IST | Today's Paper
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Business News›Markets›Stocks›News›FPIs focus on capex and consumption themes
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    FPIs focus on capex and consumption themes

    Synopsis

    FPIs have invested nearly $5 billion in infrastructure segments including capital goods, and construction and related sectors and a similar amount in FMCG, consumer durables and telecom over the past twelve months. In addition, the automobile sector, which is considered as nondiscretionary, has attracted $3.26 billion of investment. The cumulative weight of infrastructure and consumption play in the FPI equity portfolio reached a multi-year high of 29.6% at the end of the first fortnight of June 2023, the data from NSDL showed

    ET Intelligence Group: Foreign portfolio investors (FPIs) are playing the India theme with a rare combination during the current leg of investment: Betting simultaneously on capital expenditure (capex) and consumption. FPIs have invested close 92% of the total investment of $15.17 billion (Rs1.24 lakh crore) in the two themes over the past 12 months, the data from NSDL show.Typically, investors choose the capex theme when the GDP is expected to
    BY
    ET Bureau
    2 mins read, Last Updated:
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