IDEAS home Printed from https://ideas.repec.org/a/ris/joibac/0024.html
   My bibliography  Save this article

Investigation of Foreign Institutional Investors (FIIs) in India

Author

Listed:
  • Gunjan Batra

    (Department of Information Systems and Security, Kennesaw State University, Georgia, USA)

  • Nithiyananthan Suppiah

    (Department of Information Systems and Security, Kennesaw State University, Georgia, USA)

  • Pamila Dembla

    (Department of Information Systems and Security, Kennesaw State University, Georgia, USA)

  • Nand Kumar

    (Department of Humanities, Delhi Technological University, Delhi, India)

Abstract

The role of foreign investment in promoting economic growth has received considerable attention in India since 1990s. An important feature of the development of Indian stock market in the last twenty years has been the growing participants of foreign investors. Though numerous research studies have been conducted in respect of Foreign JIBC July 2023, Vol. 28, No.4 Institutional Investors (FIIs) into India, most of them have restricted their assessment to the impact of stock markets on FIIs investment flow in India. Very few studies have focused on the aggregate impact of macro-economic variables such as inflation, money supply, Index of Industrial Production (IIP), gold, crude oil, etc on FII flows in India. Given this background this study assesses the determinants (using various macroeconomic factors) of FIIs flows in India. We used regression analysis to determine that during the period 2011-2020, Sensex, risk in Indian securities market, dollar-INR exchange rate, gold rate, crude oil rate, interest rates in USA and India were the statistically significant determinants of FIIs in India. This study will enable policy makers, regulators and investors to understand FII flows, to develop better policies and take informed decisions related to FIIs and the factors that impact their flow. This wills in-turn lead to better development of the Indian economy.

Suggested Citation

  • Gunjan Batra & Nithiyananthan Suppiah & Pamila Dembla & Nand Kumar, 2023. "Investigation of Foreign Institutional Investors (FIIs) in India," Journal of Internet Banking and Commerce, Nahum Goldmann, vol. 28(04), pages 01-12.
    • Handle: RePEc:ris:joibac:0024
    as

    Download full text from publisher

    File URL: https://www.icommercecentral.com/open-access/investigation-of-foreign-institutional-investors-fiis-in-india.php?aid=93338
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:joibac:0024. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dale Pinto (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.