Notablt, Garner emphasised that the FII exodus is not an India-specific phenomenon. “The kind of FII selling that you’re seeing in India is also taking place in other markets… like Indonesia… Southeast Asia, and even in a market like Australia,” he pointed out. “Investors are withdrawing portfolio flows and investing in the north of Asia.” The shift, therefore, reflects a broader thematic bet rather than a vote against India’s fundamentals.
