How Nirmala countered Shashi Tharoor in Parliament over decline in foreign investments

Finance Minister Nirmala Sitharaman has said that India continues to remain the highest receiver of the FDI, and the Indian retail investors have created the capacity to absorb the shock due to outflow of foreign funds from the country’s stock markets. This after Congress MP Shashi Tharoor pointed out that overseas investors has pulled out over Rs 1.14 lakh crore from the Indian market so far. Watch the faceoff in this video.

Sorry to say that overseas investors have pulled out a net 1 lakh 14 856 crores from the indian markets in the current year so far foreign portfolio investors have sold domestic equities worth 48 261 crosser and this is the sixth straight month that foreign institutional investors have withdrawn from their positions in the indian equity market fis and fbis may come

And go but today indian retail investors have proven that even if they come and go any shock that may come is now taken care of because of the shock absorbing capacity the indian retailer has brought into indian market i think we as a house should stand up and appreciate the indian retainer who’s invested a lot of confidence in the stock markets today in india

I’m sorry to say that overseas investors have pulled out a net 1 lakh 14 856 crores from the indian markets in the current year so far foreign portfolio investors have sold domestic equities worth forty eight thousand two hundred and sixty one crosser and this is the sixth straight month that foreign institutional investors have withdrawn from their positions in the

Indian equity market a trend which may unfortunately be exacerbated by the u.s interest rate hikes and the commodity price hikes particularly of crude oil would the minister the honorable minister care to explain the worrying trend of steadily declining investment by foreign portfolio investors in our country and whether the government is taking any measures to

Rectify this current trend in the market what specific thing can be done to reverse something which has been steadily worsening for six months sir it’s a very serious question about the investment in our country that we need for our economy to grow so investments will have to be gauged not just by fb no please listen uh please listen sir investments will have to

Be gauged not just by looking at fis and fbi’s which by very nature depend on the interest rates and also they keep moving up and down i’m sure a senior member who’s held positions abroad will understand that fiis and fpis can be very tempted by interest rates elsewhere and prospects anywhere else as well so fbis and fiis are obviously going to be very typical

Of their very nature coming in and going out but what has got to be looked at and with fairness and objectivity is the inflow of fbi’s which is remaining unabated and india is the highest receiver of fdi since before kowitt and that continues during covet in fact continues very much significantly during cobit and subsequently also it is that which indicates if

The money which is coming in is staying invested in this country thereby creating jobs and prospects for us and not by indicating only the fp fires and fbi’s one last bit sir fiis and fbis may come and go but today indian retail investors are proven that even if they come and go any shock that may come is now taken care of because of the shock absorbing capacity

The indian retailer has brought into indian market i think we as a house should stand up and appreciate the indian retailer who’s invested a lot of confidence in the stock markets today in india

Transcribed from video
How Nirmala countered Shashi Tharoor in Parliament over decline in foreign investments By Hindustan Times