India's financial markets are structurally transitioning from foreign dominance into rock-solid domestic hands, successfully shielding the local economy from severe downside risks despite a prolonged three-year selling streak by Foreign Portfolio Investors (FPIs).
Speaking to in Mumbai on Thursday, Unmesh Sharma, Senior Executive Vice President at HDFC Securities, broke down the mechanics behind the multi-year foreign capital exodus, tracking it back to global asset allocation and recent geopolitical skirmishes.
