India emerging as attractive investment destination, says SBI report
- IBEF
- August 31, 2022
India seems to be a clear beneficiary in terms of an attractive investment destination as investment opportunities drag for China, stated a research report by the State Bank of India (SBI). According to the report, India appears to be the greatest alternative, with favourable GDP and inflation forecasts for the current fiscal year.
Low mortgage rates, inexpensive unit pricing, and revived demand for homes, fuelled by the Coronavirus pandemic, were mentioned as important reasons for the housing sales boom in India. According to the SBI report, the sale of 158,705 units during the first half of 2022 was 19% higher than the same period last year, growing by 60% YoY.
It said that the total portfolio inflows since July 29 have already reached US$ 7.6 billion, compared to an outflow of US$ 14.7 billion in 2022-23 prior to July 29.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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