Indians Can Invest Up To $2,50,000 Annually Overseas

Foreign funds had been pumping more and more dollars into Indian equities ever since the new government assumed charge in May.

In 2014, FIIs pumped in $ 16.15 billion into Indian equities while they have exhausted the cap of $ 30 billion in Government securities. They have parked $ 32.5 billion in corporate bonds, which is 64 per cent of their cap of $ 51 billion.

Foreign direct investment in the country rose by 22 per cent to $ 18.88 billion during the eight months of the current fiscal. The amount was $ 15.45 billion in the April-November period of 2013-14.

India's current account deficit narrowed to 1.9 per cent of GDP in the first half of current fiscal from 3.1 per cent of GDP in in the corresponding period of 2013-14.

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