The Indian Prime Minister Narendra Modi’s trip to the United States couldn’t have come at a better time for international investment in India.
He uses a frenzied economy, record-high equity benchmarks, and a consumer market that is expanding at a rapid pace as great advertisements as he tries to sell the potential of the country to investors and corporate executives in the United States.
The most foreign inflows into India’s stock market in any quarter since the end of 2020 have been in the amount of $8.7 billion since March.
According to Bank of America, rupee-denominated bonds are on track to see the longest streak of monthly buying by overseas funds in almost four years, despite the fact that the local currency is providing the second-best carry returns in Asia this year.
