Growth or Valuation? Rajiv Batra of JPMorgan explains why FIIs are reassessing India's stock market
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Foreign Institutional Investors (FIIs) have been aggressively selling Indian equities over the past quarter, raising concerns about the market’s stability and future growth prospects. India has been one of the most attractive investment destinations for Foreign Institutional Investors (FIIs) over the past few years. However, the last quarter has witnessed a sharp reversal in sentiment, with FIIs aggressively offloading Indian equities. Despite India’s strong macroeconomic position and improving valuations, global investors appear to be reallocating funds elsewhere. In an exclusive interview with ETNow, Rajiv Batra, Head of India, ASEAN, APAC (Ex-Japan/China) Equity Strategy at JPMorgan, sheds light on the reasons behind this sell-off. He highlights that the primary driver of FII investment in India has always been growth, not just valuations or market positioning. Growth Concerns Driving FIIs Away Historically, FIIs have invested in India...