- Indian retail and institutional investors shied away from domestic equity markets last year as a slowing economy ate into stock valuations and earnings. Their purchases of equity mutual funds in 2019 were the lowest in three years.
The drop in domestic investment was due to worries over the economy which is forecast to grow at its slowest pace in 11 years in the current fiscal year ending March, analysts said. Foreigners made cumulative purchases of 2.97 trillion rupees worth of Indian stocks in the last five years, less than the 3.5 trillion rupees bought by domestic investors, data from Refinitiv Eikon and Central Depository Services Ltd showed.
Turns out a civil war base off immigration policy is bad for the economy. WHO KNEW?
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