Why are foreigners shopping for Indian stocks? Foreign funds’ gross purchases at record high of Rs 4 lakh crore in March

Foreign institutional investors (FII) recorded a new high of Rs 4.06 lakh crore ($49 billion) in gross purchases in March, marking the first time they crossed the Rs 4 lakh crore mark in a month. The shift in valuation approach to PEG for Indian equities and strong domestic inflows have contributed to the market's growth.