INSUBCONTINENT EXCLUSIVE:
India was the third bestperforming market among Brics nations after China and Brazil in the four years of the Narendra Modi government
cent, data analysed by ETIG shows
India also performed much better than the UK, Germany and France, lagging behind only the US and Japan during the period
Nifty performed much better during UPA-I administration headed by Manmohan Singh thanks to a global equity boom, surging foreign fund
inflows, and high earnings and economic growth
During NDA-II, markets were primarily driven by surging equity inflows from domestic investors
Since May 2014, equity MFs have pumped 3.24 lakh crore into Indian shares, dwarfing FPIs, who purchased equities worth 1.46 lakh crore.
