Foreign investors recorded a near $12 billion sell-off of Indian stocks in March

Golden Ten Data reported on March 30 that as global investors accelerate their exit from risk assets, combined with escalating concerns driven by soaring energy costs, foreign investors are withdrawing from the Indian stock market at an unprecedented pace, casting a shadow over the country's long-favored growth narrative. According to aggregated institutional data, as of March 25, overseas investors have made a net sale of $11.7 billion worth of local Indian stocks. This indicates that March could become the month with the largest single-month capital outflow ever recorded in the Indian stock market; the total net outflow so far this year has exceeded $13 billion, approaching the level of the same period last year.