India is the most popular destination for overseas portfolio investors to park their fund in the Asian region for 2010. It may be a signal of increasing confidence in the Indian growth story, when the rest of the world is struggling to fight the recession. Bloomberg data shows that foreign institutional investors (FIIs) have purchased domestic equities worth $13.7 billion in 2010 till date making it the only Asian markets to have received more than $10 billion of investment this year. It is 56% higher than corresponding period of last year.
This year, FII investment into India is over 57% higher than that of South Korean, which remains at the second slot in terms of overseas investment followed by Indonesia, Taiwan, Thailand, Philippines and Vietnam among others. Interestingly, higher amount of FII investment has flowed into India despite the fact that domestic equities are commanding a relatively higher PE against its regional peers. While Nifty of NSE is trading at a PE of 19.36, it is 13.66 for South Korea, 4.16 for Indonesia, 14.98 for Taiwan and 14.61 for Philippines. As regards, future FII inflows into India will depends on the second quarter numbers, which would give a cue into the future earnings trajectory of India Inc.
04/01/14 - World Trade Center (WTC) Mumbai foi estabelecido há mais de quatro décadas atrás, para promover e facilitar o comércio da Índia com o mundo. Mumbai tem regularmente recebimento e enviado missões comerciais, organizando matchmaking business (B2B), eventos para o benefício dos seus Estados e hospedagem para delegados estrangeiros. O tema da 4 ª Conferência Económica Global [...]
04/01/14 - World Trade Centre (WTC) Mumbai was established more than four decades ago, topromote and facilitate India’s trade with the world. Mumbai has been regularly receiving and sending trademissions, organizing business matchmaking (B2B) events for the benefit of its membersand hosting overseas delegates. The theme of the 4th Global Economic Summit is the rise of Asia as [...]» More events
04/10/14 - The International Monetary Fund ( IMF ) reduced once more growth projections for Brazil in 2014 and 2015, assessing that the country should continue with the more restrictive policy rate increases and more fiscal adjustment. For the Fund, it is also necessary to intervene in the foreign exchange more selectively and addressing bottlenecks in supply.» More news