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Foreign Portfolio Investors (FPIs) have stepped up purchases of Indian stocks in the past six trading sessions following a meeting between Prime Minister Narendra Modi and top overseas funds on November 5. These investors have pumped in close to Rs. 30,200 crore since the meeting—where the government showcased recent reforms—as against Rs. 21,826 crore in the whole of October.

In November so far, FPIs have invested Rs. 32,777 crore in domestic stocks, driving the Sensex and Nifty to record highs recently.

"Lot of investors appreciated the reforms undertaken in agriculture and labour markets and appreciated the opportunities India offered" said a government official.

Modi told the fund managers in the interaction that he is open to any feedback the investors may have according to the official.

Modi's pitch to global investors comes amidst loose monetary policy followed by global Central Banks that has led to a chunk of that liquidity entering emerging market.

Source: Economic Times, Nov. 17, 2020

Reforms undertaken in agriculture and ......... markets have promoted foreign investments.

 

A) labour

B) industry

C) manager

D) None of these