India attracts US$ 4.3 billion worth FII in May 2009
Promise of a stable government? or Promise of a growing economy? Or both? Its great to the FII flowing again.
Foreign institutional investors (FIIs) have pumped in Rs 20,117 crore (US$ 4.3 billion) into the Indian equity markets in the month of May 2009 — the highest in 19 months.
India's market capitalisation (m-cap) has touched the US$ 1 trillion-mark, propelling it back among the top-ten in the world m-cap rankings. At US$ 1.04 trillion, India's m-cap is the ninth largest in the world and in equivalent rupee terms, it is closer to the country's gross domestic product (GDP) of Rs 5,332,753 crore (US$ 1.13 trillion).