India got overseas flows to the tune of ₹3.33-lakh crore, or $40.4 billion, in equities, debt, and hybrid instruments put together this financial year, a record for any year.
Equity flows stood at more than $25 billion, higher than the flows received by all other Asian markets except Japan, which received $59.5 billion.
The Production Linked Incentive (PLI) schemes and the China plus one story had helped the cause of Indian manufacturing.
The massive investment in infrastructure modernisation is helping companies in the materials, real estate and construction sectors.
Banks now have cleaner balance sheets with low Non-Performing Assets, which augurs well for the economy.